Nigeria’s premier non-interest bank, Jaiz Bank Plc’ sustained impressive growths in earnings in the first half with net profit rising by 27.6 per cent to N2.54 billion in six months.
Key extracts of the interim report and accounts of Jaiz Bank for the six-month period ended June 30, 2022 showed that profit after tax rose from N1.99 billion in first half 2021 to N2.54 billlion first of this year.
The unaudited financial results for the second quarter ended June 30, 2022 were released to the Nigerian Exchange Group (NGX), revealing a 27.6 per cent 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 report submitted at the NGX showed that the bank’s total income increased by 17.8 per cent from N8.86 billion in first half of 2021 to N10.44 billion in first half of the year.
Further analysis indicated that earnings per share increased by 8.25 per cent from 6.78 kobo to 7.34 kobo.
Managing Director, Jaiz Bank Plc, Hassan Usman, said the positive performance is reassuring to all stakeholders and the public.
According to him, the results underscored the role of Jaiz Bank as the pioneer non-interest bank in Nigeria, as well as the industry leader.
Usman said the bank remained committed to providing value creating ethical banking services to its growing customer base. He assured that the bank is positioned to continue its remarkable earnings streak for the remainder of the year, by leveraging technology and extending its touch points across the country.