Financial results of Jaiz Bank Plc for the second quarter ended June 30, 2021, was released to the Nigerian Stock Exchange, showing a 70.6 per cent growth in Profit After Tax (PAT), from N1.17 billion declared in June 2020 to N1.99 billion at the end of June 2021.
The Bank’s Total Income for the period under review grew by 42.1 per cent from N6.23 billion as at end of June 2020 to N8.86 billion at the end of June 2021.
Meanwhile, the Bank’s earnings per share for the period under review jumped by 70.3 per cent from 3.89 kobo in the second quarter of 2020 to 6.78 kobo at the end second quarter of 2021.
The consistent earnings result is obviously reassuring to all stakeholders and the investing public, thus, positioning the Bank as not only the pioneer but also the leading Non-Interest Bank in Nigeria.
Speaking on the result, the Managing Director/CEO, Hassan Usman, said that it reflects the Bank’s positive outing in 2020, where it recorded a Profit Before Tax of N3.07 billion. He assured that the Bank is determined to maintain the remarkable earnings streak for the rest of the year by leveraging on technology and the expansion of its retail banking portfolio.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...