Monthly Archives

April 2017

Xpress Money partners with Zenith Bank in Ghana

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~This Strategic partnership increases Xpress Money’s footprint in Ghana to 254  payout locations across the country~

Ghana: 11th April, 2017 – Xpress Money, one of the most dependable money transfer brands in the world, today announced its collaboration with Zenith Bank (Ghana) Limited. The partnership will in essence consolidate the business and strengthen Xpress Money’s footprint in Ghana. Through this partnership, customers will be able to access Xpress Money’s convenient receive services across 254 locations, which include 34 Zenith Bank branches, across the country. Read More

Zenith Bank posts record-breaking profit in 2016

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Zenith Bank Ghana posted a pre-tax profit of GH¢202.6 million in 2016, the highest on record for the Bank. It also represents an increase of 76% over 2015 pre-tax income of GH¢115.1 million.

This remarkable performance means the Bank’s profit-before-tax margin rose to a remarkable 56.1%, after registering 30.5% in 2015. Return on assets (ROA) and return on equity (ROE) were respectively 4.1% and 24.4% in 2016, up from 3.3% and 19.1% in 2015. Read More