Jaiz Bank Plc, Nigeria’s leading non-interest banking products and services provider, has released its financial results for the third quarter ended 30 September 2021, which reflected a 54% growth in Profit Before Tax (PBT), from N2.1 billion in September 2020 to N3.3 billion in the third quarter this year.
In the results released to the Nigerian Exchange Group (NXG) the bank also declared a 32% increase in Gross Income, from N14.24 billion realized in September 2020 to N18.78 billion at the end of September 2021.
During the period under review, the Bank’s Total Asset grew by 22% from N210 billion as at end of September 2020 to N256 billion at the end of September 2021.
The bank’s shareholders’ funds for the period under review also increased by 14%, from N17.85 billion as at end of September 2020 to N20.31 billion as at end of September 2021.
Similarly, the non-interest bank’s earnings per share (EPS) for the period experienced a surge by 45% from 6.28 kobo in the third quarter of 2020 to 9.09 kobo at the end of the third quarter of 2021.
Analysts have observed that Jaiz Bank has consistently delivered outstanding results in the last three years and the whole of the three quarters in the current year, which clearly is a reaffirmation of its continuous growth trajectory as the clear leader in Nigeria non-interest banking space to stakeholders and the general banking public.
Commenting on the results, the bank’s Managing Director, Hassan Usman said the bank was able to achieve these feats, through a number of strategic initiatives which include investment in IT infrastructure, better customer engagement at all levels and strategic cost management.
The seasoned banker expressed appreciation to the bank’s customers, shareholders, regulators and other stakeholders for their support while calling on prospective customers to make the bank their preferred choice for quality products and services delivery.
