Jaiz Bank Records Over 70% Half Year Profit
Jaiz Bank Plc has announced a 70.6 per cent growth in Profit After Tax (PAT) for the period ending June 2021.
According to its second quarter financial results ended 30th June 2021 and released to the Nigerian Stock Exchange (NSE), the bank’s PTA profile rose from N1.17 billion declared in June 2020 to N1.99 billion as at the end of June 2021.
Also, the Bank said its total income for the period under review grew by 42.1 per cent from N6.23 billion recorded in June 2020 to N8.86 billion by June 2021 ending.
Speaking on the development, Managing Director and Chief Executive Officer of the Bank, Hassan Usman said impressive results clearly reflect the Bank’s positive outing in 2020, where it recorded a Profit Before Tax (PBT) of N3.07 billion.
Usman assured shareholders and the investing public that Jaiz Bank is determined to maintain its remarkable earnings streak for the rest of the year.
He said the management would achieved set targets by leveraging on technology and also expanding its retail banking portfolio across the country.
On the Bank’s earnings per share for the period under review, the figures indicated a remarkable jump from 3.89 kobo in the first quarter of 2020 to 6.78 kobo at the end first quarter of 2021, representing a 70.3 per cent increase in value.
For Usman, the consistent earnings result is quite reassuring to all stakeholders and the investing public, thus, strengthening Jaiz Bank’s position as the pioneer andq also the leading Non-Interest Bank in Nigeria.
