Lagos, Nigeria – Zenith Bank earned N291.8 billion (approximately $187 million) from commissions and fees in the 2025 financial year, according to the bank’s financial results released on Tuesday.
Okay News reports that total fees and commissions received for the year amounted to N405.8 billion, but the bank spent N114 billion to realise that amount, leaving N291.8 billion as net income. A breakdown shows the bank made the largest amount from account maintenance fees at N91.9 billion, followed by income from fees on electronic products at N89.1 billion.
Foreign currency transaction fees and commissions contributed N29.4 billion, while income from financial guarantee contracts issued stood at N53.1 billion. The bank also earned N19.1 billion from foreign withdrawal charges.
Last October, an investigative panel of the House of Representatives summoned commercial bank CEOs over allegations of illegal and unexplained deductions from customer accounts. The committee chairman accused banks of deducting charges such as SMS alerts and account maintenance fees without proper remittances.
This fee income reflects the significant contribution of non-interest revenue to Zenith Bank’s overall earnings. Sustained growth in fee income helps diversify the bank’s revenue streams beyond traditional lending.
 from commissions and fees in the 2025 financial year, according to the bank's financial results released on Tuesday.){kind=link}