Jaiz Bank releases audited financial results of N4.37 billion profit in 2021
Jaiz Bank Plc, the Premier Non-Interest Bank in Nigeria has released its audited financial results for the period ended 31 December 2021. The results as released to the Nigerian Exchange Group, showed a 43% growth in Profit Before Tax from N3.07billion in December 2020 to N4.37 billion in December 2021. This is on the backdrop of an increase of 31.76% in Gross Income from N19.61 billion realised in 2020 to N25.84 billion in 2021.
Similarly, the Bank’s Total Asset grew by 19.55% from N233.60 billion to N279.28 billion while Shareholders’ Funds for the period grew by 36.20%, from N17.85 billion to N24.31 billion.
Earnings per share for the period increased by 40.10% from 9.85 kobo in 2020 to 13.80 kobo in 2021.
In the last couple of years, Jaiz Bank has consistently delivered remarkable results, which clearly reaffirms its continuous growth trajectory as one of the most profitable banks in Nigeria.
Speaking on the results, the Managing Director/CEO, Mr Hassan Usman attributed the achievements to the Bank’s expansion progamme, prudence and to a strong commitment to excellence service delivery to growing customer base.
Mr Usman congratulates the Board, Management and staff on these achievements, acknowledging the staff for their hard work, customers, for loyalty and patronage and continued support from shareholders.