Jaiz Bank Seals N10bn Private Placement
- Gets CBN’s nod on capital requirements ahead of deadline
Riding on regulatory approvals from the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and Nigerian Exchange Group (NGX), Jaiz Bank has successfully listed N10.04 billion from its private placement on the NGX.
With this milestone, Jaiz Bank now ranks among the few financial institutions that have already met the apex bank’s revised capital requirements, ahead of the June 2026 deadline.
Accordingly, the bank’s financial position remains robust, with a well-structured, diversified, and resilient balance sheet.
The latest development puts the bank’s current total assets at ₦1.06 trillion, with the shareholders’ funds hitting the ₦47.9 billion mark.
The Bank’s Chief Executive Officer, Haruna Musa, who spoke on the successful capital-raising exercise, said; “This achievement underscores the commitment of the board and management to adding value to our customers by providing bespoke ethical finance solutions.
“Jaiz Bank is well-positioned to compete effectively on all fronts, fulfilling customer needs through ethical and innovative financing.
“Despite a challenging operating environment, we have demonstrated resilience and achieved remarkable growth across financial and non-financial metrics. This positions us firmly on track to becoming the leading ethical bank in Africa.”
Musa also highlighted the bank’s strategic focus, saying; “Looking ahead, we will continue strengthening relationships with our loyal customers while attracting new ones. Through our digital platforms, innovative products, and services, we aim to support individuals, businesses, and communities alike.
“Our journey to lead the future of ethical finance in Africa remains unwavering, as we stay committed to excellence and delivering long-term value to all stakeholders.”
According to a statement by the management, Jaiz Bank’s performance metrics highlight its exceptional growth and operational efficiency with the key financial ratios indicating a Return on Equity (ROE) of 60.74 percent, and a Return on Assets (ROA) of 2.18 percent.
The statement said the landmark achievement further confirms Jaiz Bank’s position as a leader in ethical banking, while also strengthening its commitment to providing innovative financial solutions and driving long-term sustainable growth
