Jaiz Bank Chief Praises Directors, Staff as Bank Posts N4.21 Billion PBT

Akanimo Sampson

Akanimo Sampson

Managing Director/Chief Executive Officer of Jaiz Bank, Hassan Usman, is full of praises for the Board, management and staff of the Islamic bank on the impressive achievements recorded last year.

The bank whose Profit Before Tax (PBT) grew by 37.17 per cent from N3.07 billion in December 2020 to N4.21 billion last December, is striving to maintain its position as Nigeria’s premier non-interest financial institution.

Jaiz Bank also declared a 31.76 per cent increase in gross income, from N19.61 billion realized in December 2020 to N25.84 billion at the end of December 2021.

Captured in its unaudited financial statements for the period ended 31 December 2021 submitted to the Nigerian Exchange Group (NEG), the bank further indicated that its total assets bloomed by 19.62 per cent from N233.58 billion as at end of December 2020 to N279.42 billion at the end of December 2021.

The bank’s shareholders’ funds for the period under consideration also went up by 14.84 per cent to N20.50 billion as of December 2021 ending compared to N17.85 billion recorded at the end of December 2020 while the Bank’s earnings per share increased by 21.62 per cent from 9.85 kobo in 2020 to 11.98 kobo in 2021.

The results indicate that Jaiz Bank has consistently delivered remarkable results in the last four years, which clearly reaffirms its continuous growth trajectory, being the leader in the country’s non-interest banking space.

Usman is however, attributing the achievements to its stellar footprints across the country, coupled with the strong ambition to provide par excellence services to customers while meeting their financial needs.

Also, in acknowledging the immense hard work of staff, excellent service delivery to customers, and support from shareholders,

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Professor Jideofor Adibe


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