Zenith Bank Ghana for the period between end-December 2019 and end-December 2020, reduced its Non-Performing Loans (NPLs) as a percentage of gross loans by 10.3 percentage points.
NPLs end-2020 according the bank’s 2020 Audited Financial Statements, stood at 6.15 percent from a previous 16.49 percentage points significantly improving the bank’s loan asset quality.
The bank’s loan loss provision was also reduced by 1.54 percent from 4.81 percent end-2019 to 3.27 percent end-2020.
Peruse below details of the bank’s financial statement:
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Source: norvanreports
