Zenith Bank (NSA:ZENITH) Tax Rate % : 19.32% (As of Mar. 2024)

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What is Zenith Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Zenith Bank's Tax Expense for the three months ended in Mar. 2024 was ₦61,853 Mil. Zenith Bank's Pre-Tax Income for the three months ended in Mar. 2024 was ₦320,194 Mil. Therefore, Zenith Bank's Tax Rate % for the quarter that ended in Mar. 2024 was 19.32%.

Zenith Bank Tax Rate % Historical Data

The historical data trend for Zenith Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zenith Bank Tax Rate % Chart

Zenith Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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14.16

9.89

12.77

21.34

14.96

Zenith Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															23.78	14.42	7.91	16.56	19.32

Zenith Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Zenith Bank's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	119053	/	795962
	=	14.96 %

Zenith Bank's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	61853	/	320194
	=	19.32 %

Zenith Bank Tax Rate % Related Terms

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Zenith Bank (NSA:ZENITH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zenith Bank PLC (NSA:ZENITH) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

Plot 84/87, Ajose Adeogun Street, Zenith Heights, Victoria Island, Lagos, NGA

Website

https://www.zenithbank.com

Zenith Bank PLC is a Nigeria- based company. Its core business is the provision of banking and other financial services to corporate and individual customers. The bank provides services such as granting of loans and advances, corporate finance and money market activities. It also provides banking and pension custodial services to a diverse group of corporations, financial institutions, investment funds, governments and individuals; provision of investment advisory, financial planning services and investment product offerings; providing brokerage services, financing services and securities lending services to institutional clients, including mutual funds, pension funds and to high-net-worth individuals. Revenue generated by bank consists of interest income, fees and commission received.

Zenith Bank (NSA:ZENITH) Headlines

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