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Friday, September 22, 2023

Unaudited figures for Jaiz Bank in 2021 show a profit of N4.21 billion

The unaudited financial statements for the period ending December 31, 2021 have been disclosed by Jaiz Bank Plc, Nigeria’s premier non-interest bank.

Profit Before Tax (PBT) increased by 37.17 percent from N3.07 billion in December 2020 to N4.21 billion in December 2021, according to the statistics released to the Nigerian Exchange Group. 

The bank also announced a 31.76 percent rise in Gross Income from December 2020 to December 2021, from N19.61 billion to N25.84 billion. 

The Bank’s Total Asset increased by 19.62 percent over the period under review, from N233.58 billion at the end of December 2020 to N279.42 billion at the end of December 2021. 

For the period under review, the Bank’s Shareholders’ Funds increased by 14.84 percent, from N17.85 billion at the end of December 2020 to N20.50 billion at the end of December 2021. 

Earnings per share climbed by 21.62 percent throughout the time, from 9.85 kobo in 2020 to 11.98 kobo in 2021. 

The Bank has continuously generated outstanding performance over the previous four years, confirming its continued development trajectory as the market leader in Nigeria’s non-interest banking sector. 

Hassan Usman, the Bank’s Managing Director/CEO, credited the successes to the Bank’s extensive network across the country, as well as a strong desire to serve clients with exceptional service while satisfying their financial demands. 

Chinaza Ogbachalu
Chinaza Ogbachaluhttps://www.chinazaogbachalu.com/
My name is Chinaza Ogbachalu, and I am a writer. I have been writing news and opinion articles for five years plus and have always had a passion for storytelling. I grew up in Nigeria and graduated from the University of Port Harcourt, Nigeria, with a degree in linguistics and communication studies. I have written books that have been well-received by critics and readers alike. My work often focuses on culture and lifestyle, and I draw inspiration from my own experiences and observations of the world around me. As a news writer, I am responsible for researching and writing engaging and accurate news stories for our online audience. I have a strong passion for current events and am skilled at conducting interviews and gathering information from sources. I am grateful for the support of my readers and am constantly humbled by their enthusiasm for my work. Thank you for taking the time to learn more about me and my writing.


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