Jaiz Bank Posts N4.21bn Profit In 2021

Jaiz Bank Plc, a non-interest bank has released its unaudited financial results for the period ended 31 December 2021.

The details of the result showed a 37.17 per cent growth in profit before tax, from N3.07 billion in December 2020 to N4.21 billion in December 2021.

The bank also declared a 31.76 per cent increase in Gross Income, from N19.61 billion realized in December 2020 to N25.84 billion at the end of December 2021.

During the period under review, the bank’s total asset grew by 19.62 per cent from N233.58 billion as at end of December 2020 to N279.42 billion at the end of December 2021.

The bank’s shareholders’ funds for the period under review also grew by 14.84 per cent from N17.85 billion as at end of December 2020 to N20.50 billion as at end of December 2021.

Earnings per share for the period increased by 21.62 per cent from 9.85 kobo in the 2020 to 11.98 kobo in 2021.

The bank said it has consistently delivered remarkable results in the last four years, which it said is a reaffirmation of its continuous growth trajectory, being the leader in Nigeria non-interest banking space.

The managing director of the bank, Hassan Usman attributed the achievements to the bank’s footprints across the country, coupled with the strong ambition to provide par excellence service to customers while meeting their financial needs.

The MD/CEO also congratulated the board, management and staff on these achievements, acknowledging the immense hard work of staff, excellent service delivery to customers, and support from shareholders.