Jaiz Bank Posts N0.55bn Half-Year Profit
BY EDMOND ODOK – Focused on sustaining its 2022 remarkable earnings streak, Jaiz Bank Plc has posted a 27.6 percent increase in Profit After Tax (PAT) from N1.99 billion declared in June 2021, to N2.54 billion at the end of June 2022.
The impressive figure is captured in the Bank’s unaudited financial statements for the second quarter ended June 30, 2022 that has been released to the Nigerian Exchange Group (NGX).
By this performance, the Bank’s total income, during the period under review, increased by 17.8 percent from N8.86 billion for the six months ending June 30, 2021 to N10.44 billion for half year ending June 30, 2022.
Additionally, the Bank’s earnings per share rose by 8.25 percent during the same period from 6.78 kobo for the second quarter of 2021 to 7.34 kobo at the end of the second quarter of 2022.
Quite reassuring to all stakeholders and the public, the positive earnings result underscores Jaiz Bank’s role as the pioneer Non-Interest bank in Nigeria, as well as the industry leader.
Speaking on the development, its Managing Director and Chief Executive Officer, Hassan Usman, said Jaiz Bank remains committed to providing value creating ethical banking services to its growing customer base across the country.
He promised that the Bank will not relent in maintaining its impressive earnings streak for the remainder of the year, by leveraging on technology as well as extending its touch points nationwide.
