Zenith Bank Plc (“ZENITH”) released its FY-2020 results earlier, reportinga 5.2%y/y growth in Gross Earnings (GE) to N696.5bn. Also, PBT and PAT rose 5.2% and 10.4% to N255.9bn and N230.6bn while Loans and deposits expanded by 19.1% and 25.3% to N3.6trn and N5.3trnrespectively. We update our estimates and we review our expectations below.
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