Nigeria’s pioneer non-interest financial institution, JAIZ Bank Plc has bucked macroeconomic headwinds to deliver a robust performance in its 2025 financial year, with a 24 percent growth in gross earnings for the year ended December 31, 2025.
Managing Director and Chief Executive Officer of the Bank, Dr. Haruna Musa, said this resilient performance, which saw the bank delivering strong, balanced growth across all key financial metrics, was recorded in the face of soaring inflation, intense exchange rate volatility, and an elevated cost of living nationwide.
Dr Musa told journalists at the end of its 14th Annual General Meeting (AGM) held virtually in Abuja, that the bank’s performance demonstrates its resilience, discipline, and strong execution of its strategic initiatives to reaffirm the strength of its non-interest banking business model in Nigeria.
According to him, “The 2025 financial year was another period of remarkable growth and strategic progress for our bank. We have demonstrated resilience, discipline, and very strong execution of our strategic initiatives.”
He said total assets of the Bank rose by 19 percent, from approximately N1 trillion in 2024 to nearly N1.3 trillion in 2025, consolidating JAIZ Bank’s position as Nigeria’s leading non-interest bank, while customer deposits grew by over 24 percent, from N904 billion to more than N1.12 trillion, reflecting deepening customer confidence in the bank’s brand and product offerings.
Also, he said net risk assets and investments expanded by 27 percent, from N671 billion to N849 billion, signalling increased financing of productive sectors, while maintaining prudent risk management.
Supported by robust growth in financing and investment activities, the Bank’s gross earnings rose 24 percent to N102.81 billion, from N82.87 billion in 2024, while profit before tax jumped 28 percent to N31.24 billion, up from N24.4 billion the previous year. This is as operational efficiency recorded significant improvement, with the cost-to-income ratio declining from 60.42 percent in 2024 to 58.09 percent in 2025, driven by digital transformation, process optimisation, and disciplined cost management.
In addition, the bank’s capital adequacy ratio improved significantly to 26.89 percent from 23.87 percent, a year-on-year increase of about 12.6 percent, while its statutory liquidity ratio stood at 43.45 percent, well above the Central Bank of Nigeria (CBN) stipulated regulatory minimum.
On the bank’s strategic milestones, Dr Musa said beyond the financial numbers, 2025 proved a transformational year for the institution, with key achievements including a successful corporate rebranding programme under the “JAIZ Bank, With You for Life” campaign; an upgrade of its credit rating by GCR from BBB- to BBB, and an expansion of its digital and alternative banking channels.
The MD said the most notable of the achievements was JAIZ Bank becoming the first African institution to be admitted as a primary dealer of the International Islamic Liquidity Management Corporation (IILM), significantly bolstering its global Islamic finance credentials.
Furthermore, the MD said during the meeting, the Shareholders encouraged the Bank to forge ahead by approving the Board’s decision to raise an additional N150 billion in capital to strengthen the bank’s capital base to fund its ambitious expansion drive, saying though the Bank has already met the minimum benchmark stipulated by the CBN as its capital base, it would move swiftly to appoint transaction parties and seek regulatory clearance for the N150 billion capital raise, which could be executed in two or three tranches, with the process targeted for completion before the end of September 2026.
He stated that the capital injection is designed to bring JAIZ Bank’s total capital base in line with, or even surpassing, the approximately N200 billion capital base of some conventional commercial banks.
“The conventional players’ capital ceiling is about N200 billion. With this additional N150 billion, JAIZ Bank intends to be at par, or even more than some of the conventional players,” Dr. Musa said, noting that the bank’s share price has already recorded over 100 percent improvement from about N4 per share to almost N9.
On branch expansion, he said the Bank plans to grow from its current 55 branches to 65 by December 2026, and ultimately achieve a presence in all state capitals across Nigeria within the next two years, up from the present 26 states.
Speaking to financial inclusion at the Core Looking ahead to 2026 and beyond, Dr. Musa said the Bank would deepen financial inclusion through agency banking partnerships, enhanced mobile and internet banking platforms, and a suite of new small and medium enterprise (SME) and retail products awaiting CBN approval and roll out.
He said the goal is to enable customers to access financing seamlessly from their mobile devices in the comfort of their homes and offices without visiting a branch, adding: “We are very confident that the foundation laid in 2025 will give us the opportunity to achieve even greater milestones in the years ahead”.
