LAGOS (Reuters) - Nigeria's Zenith Bank said on Tuesday its full-year pre-tax profit grew by 51 percent to 102.1 billion naira in 2012, compared with 67.44 billion naira posted the previous year.
Zenith's gross earnings also jumped 25.88 percent to 307.08 billion naira, from 243.95 billion naira the previous year, the bank said in a statement through the stock exchange.
"Efficiency in our operations led to the significant improvement in our cost to income ratio ... our operational expenses were held in check at below 3 percent growth," Zenith Chief Executive Godwin Emefiele said.
Source: http://news.yahoo.com/nigerias-zenith-bank-full-pre-tax-profit-51-060952628--finance.html
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