Jaiz Bank posts N4.37bn profit

Jaiz Bank Plc, the Premier Non-Interest Bank in Nigeria, has released its audited financial results for the period ended December 31, 2021.

The results as released to the Nigerian Exchange Group showed a 43 per cent growth in Profit Before Tax from N3.07 billion in December 2020 to N4.37 billion in December 2021.

This is on the backdrop of an increase of 31.76 per cent in Gross Income from N19.61 billion realized in 2020 to N25.84 billion in 2021.

Similarly, the Bank’s Total Assets grew by 19.55 per cent from N233.60 billion to N279.28 billion while Shareholders’ Funds for the period grew by 36.20 per cent, from N17.85 billion to N24.31 billion.

Earnings per share for the period increased by 40.10 per cent from 9.85 kobo in 2020 to 13.80 kobo in 2021.

In the last couple of years, Jaiz Bank has consistently delivered remarkable results, which clearly reaffirms its continuous growth trajectory as one of the most profitable banks in Nigeria.

Speaking on the results, the Managing Director/CEO, Mr Hassan Usman, attributed the achievements to the Bank’s expansion programme, prudence and to a strong commitment to excellence service delivery to the growing customer base.

Mr Usman congratulates the Board, Management and staff on these achievements, acknowledging the staff for their hard work, customers, for loyalty and patronage and continued support from shareholders.

He said the Bank’s growth strategy focuses on the real sector of the economy, especially agriculture, Small and Medium Enterprises (SMEs) and financial inclusion.

He noted that the Bank has continued the digitalization of its services and interactions to exceed customer expectations and foster operational efficiency.

Mr Usman said: “We shall continue to develop new customers, new markets and new products for both our physical and virtual channels. We remain committed to continuously upscale our governance mechanism to meet best practice and regulatory requirements.”

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

How Workplace Sexual Harassment Forces Many Out Of Their Dream Jobs

Despite several laws prohibiting sexual harassment in Nigeria, many victims are forced to quit their dream jobs while others suffer depression as a result of unsolicited sexual advances from colleagues. FAITH ADEOYE reports.

If you want to keep your job and excel in your career, you need to do as I say,” Janet Abegunde’s boss said to her one fateful day. Miss Abegunde, a 24-year-old accountant who had just gotten her first job in one of the new generation banks, said she fell into depression after her boss sexually harassed her.Jaiz Bank posts N4.37bn profit

Jaiz Bank posts N4.37bn profit