Jaiz Bank Half-year Profit Grows By 27.6%

Jaiz Bank Plc recorded a 27.6% increase in Profit After Tax (PAT) from N1.99 billion declared in June 2021 to N2.54 billion at the end of June 2022.

This is contained in the bank’s unaudited financial result for the second quarter ended 30th June released to the Nigerian Exchange Group (NGX Group).

In the period under review, the bank’s total income increased by 17.8% from N8.86 billion for the six months ending June 2021 to N10.44 billion for the half-year ending June 2022.

Also, the Bank’s earnings per share increased by 8.25% during the period under review, from 6.78 kobo for the second quarter of 2021 to 7.34 kobo at the end of the second quarter of 2022.

In response to the outcome, Managing Director/CEO of the Bank, Hassan Usman, stated that the Bank remained committed to providing value-creating ethical banking services to its growing customer base.

He assured that the Bank is positioned to continue its remarkable earnings streak for the remainder of the year, by leveraging technology and extending its touch points across the country.

The positive earnings result is undoubtedly reassuring to all stakeholders and the public. It underscores the role of Jaiz as the pioneer Non-Interest Bank in Nigeria, as well as the industry leader.