Finance

Jaiz Bank’s half-year profit rises by 27%

Jaiz bank relocates head office 

Jaiz Bank Plc has said its profit after tax rose by 27.6 per cent from N1.99bn in June 2021 to N2.54bn as of the end of June 2022.

It said this in a statement on its unaudited financial results for the second quarter ended 30 June 2022 released on the Nigerian Exchange Group.

The bank said its total income increased by 17.8 per cent during the review period from N8.86bn for the six months ending June 2021 to N10.44bn for half year ending June 2022.

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It disclosed that its earnings per share increased by 8.25 per cent 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.

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The bank said, “The positive earnings result is undoubtedly reassuring, to all stakeholders and the public. It underscores the role of Jaiz as the pioneer non-interest bank in Nigeria, as well as the industry leader.”

Commenting on the result, the Managing Director/Chief Executive Officer of the bank, Hassan Usman, stated that the bank remained committed to providing value creating ethical banking services to its growing customer base.

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He assured that the bank was positioned to continue its remarkable earnings streak for the remainder of the year, by leveraging on technology and extending its touch points across the country.

Punch

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