2013 in the Nigerian Banking Industry: Here is the ScoreCard with Zenith Leading

The year 2013 was turbulent for Nigerian banks as most had their growth slowed by regulatory headwinds caused by the Central Bank of Nigeria (CBN) continued tightening stance.

Some have been very nimble to respond and weather the storm of the aforementioned hike in cash reserve requirements and regulation that reduced fees and commissions, as both top- and bottom-line level performance grew. However, others were hit as profits shrank.



Return On Average Equity - ROAE
Return On Average Assets - ROAA
Profit Before Tax - PBT