Jaiz Bank has listed N10.04 billion from its private placement on the Nigerian Exchange Group (NGX), following regulatory approvals from the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), and NGX.
The listing has positioned the non-interest bank among the few banks that had fulfilled the CBN’s revised capital requirements ahead of the June 2026 deadline.
Latest reports on the bank’s financial position indicated strong metrics, with a well-structured, diversified, and resilient balance sheet while the total assets currently stand at N1.06 trillion, and its shareholders’ funds have reached N47.9 billion.
Commenting on the successful capital-raising exercise in the NGX, the Bank’s Chief Executive Officer, Haruna Musa, said: “This achievement underscores the commitment of the board and management to adding value to our customers by providing bespoke ethical finance solutions. Jaiz Bank is well-positioned to compete effectively on all fronts, fulfilling customer needs through ethical and innovative financing.
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“Despite a challenging operating environment, we have demonstrated resilience and achieved remarkable growth across financial and non-financial metrics. This positions us firmly on track to becoming the leading ethical bank in Africa”, the banker added.
He further emphasized the bank’s strategic focus, saying that “looking ahead, we will continue strengthening relationships with our loyal customers while attracting new ones. Through our digital platforms, innovative products, and services, we aim to support individuals, businesses, and communities alike. Our journey to lead the future of ethical finance in Africa remains unwavering, as we stay committed to excellence and delivering long-term value to all stakeholders.”
Jaiz Bank’s performance metrics highlight its growth and operational efficiency as the key financial ratios include a Return on Equity (ROE) of 60.74%, a Return on Assets (ROA) of 2.18%.
These feats reinforce the bank’s position as a leader in ethical banking, further demonstrating its commitment to providing innovative financial solutions while driving long-term sustainable growth.
