Business - Companies
Updated: August 08, 2022

Jaiz Bank Reports N2.5 Billion Profit

By Felicia Abisola Olamiji
August 08, 2022
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For the financial year ended June 2022, Jaiz Bank Plc has recorded a 27.6% increase in Profit After Tax (PAT) from N1.99 billion declared in June 2021 to N2.54 billion at the end of June 2022.

This was disclosed in the bank’s unaudited financial report released to the Nigeria Exchange Group (NGX)

According to the report, the bank’s total income increased by 17.8% during the review period, from N8.86 billion for the six months ending June 2021 to N10.44 billion for the half-year ending June 2022.

Meanwhile, the Bank’s earnings per share increased by 8.25% during the period under review, from 6.78 kobo for the second quarter of 2021 to 7.34 kobo at the end of the second quarter of 2022.

Speaking on the result, Hassan Usman, Managing Director/CEO of the Bank, stated that the Bank remained committed to providing value-creating ethical banking services to its growing customer base.