Zenith Bank, a leading tier-1 lender in Nigeria, announced it generated N291.8 billion from commissions and fees during the 2025 financial year. This figure was detailed in the bank's financial results released on Tuesday.

The bank's income from fees and commissions encompasses various charges, including credit-related fees such as advisory, penal, and commitment fees for administrative and advisory services provided to customers before offer letter acceptance.

Overall, the bank's total income from fees and commissions for the year reached N405.8 billion. After accounting for N114 billion in expenses incurred to generate this income, Zenith Bank recorded a net earning of N291.8 billion from these sources.

A detailed breakdown of the income streams reveals that account maintenance fees were the most significant contributor, yielding N91.9 billion. Fees generated from electronic products followed closely, amounting to N89.1 billion. Additionally, the bank earned N29.4 billion from foreign currency transaction fees and commissions.

Further income sources included N19.1 billion from foreign withdrawal charges and N53.1 billion from financial guarantee contracts issued. Other fee types mentioned include card maintenance fees, charged monthly, and N1 on every N1,000 for customer-induced debit transactions as account maintenance fees.

This disclosure comes after an investigative panel of the House of Representatives summoned CEOs of Nigerian banks in October 2025 regarding allegations of illegal and unexplained deductions from customer accounts. Committee Chairman, Rep. Kelechi Nwogu, had accused commercial banks of systematic and unlawful deductions and non-remittance of charges to appropriate authorities.