Zenith Bank (LSE:ZENB) Allowance For Loans And Lease Losses : $-354 Mil (As of Mar. 2024)

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What is Zenith Bank Allowance For Loans And Lease Losses?

Zenith Bank's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-354 Mil.

Zenith Bank's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 ($-218 Mil) to Dec. 2023 ($-339 Mil) and declined from Dec. 2023 ($-339 Mil) to Mar. 2024 ($-354 Mil).

Zenith Bank's annual Allowance For Loans And Lease Losses increased from Dec. 2021 ($-99 Mil) to Dec. 2022 ($-75 Mil) but then declined from Dec. 2022 ($-75 Mil) to Dec. 2023 ($-339 Mil).

Zenith Bank Allowance For Loans And Lease Losses Historical Data

The historical data trend for Zenith Bank's Allowance For Loans And Lease Losses 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 Allowance For Loans And Lease Losses Chart

Zenith Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-106.57

-95.37

-99.34

-74.95

-339.16

Zenith Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-79.34	-223.86	-217.87	-339.16	-354.16

Zenith Bank Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Zenith Bank Allowance For Loans And Lease Losses Related Terms

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Zenith Bank (LSE:ZENB) Business Description

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Traded in Other Exchanges

ZENITH:Nigeria

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 (LSE:ZENB) Headlines

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