Jaiz Bank Plc, the premier non-interest bank in Nigeria has reported N3.3 billion gross profit in nine months of this year ended September.
According to its result released to the Nigerian Exchange Group, it recorded 54 percent growth in Profit Before Tax (PBT), from N2.1bn in September 2020 to N3.3bn in September 2021.
The Bank also declared a 32% increase in Gross Income, from N14.24bn realized in September 2020 to N18.78bn at the end of September 2021.
During the period under review, the bank’s Total Asset grew by 22% from N210bn at the end of September 2020 to N256bn at the end of September 2021.
The bank’s Shareholders’ Funds for the period under review also grew by 14%, from N17.85bn as at end of September 2020 to N20.31bn as at end of September 2021.
Earnings per share for the period experienced a surge by 45% from 6.28 kobo in the third quarter of 2020 to 9.09 kobo at the end of the third quarter of 2021.
The bank has consistently delivered remarkable results in the last three years and the whole of the three quarters in the current year, which clearly is a reaffirmation of its continuous growth trajectory.
Managing Director/CEO, Hassan Usman, said the bank was able to achieve these feats, through a number of strategic initiatives which include investment in IT infrastructure, better customer engagement at all levels and strategic cost management.
