Jaiz Bank, the premier non-interest bank in Nigeria, recorded a N6.67 billion profit before tax at the close of its 2022 operation year.
The figure, according to the bank’s statement yesterday, represented a significant increase in profit before tax (PBT) by 52.63% from the N4.37 billion recorded in December 2021.
The bank also declared a 29.35% increase in gross earnings, from N25.84 billion realized in December 2021 to N33.4 billion at the end of December 2022.
During the period under review, the bank’s total assets grew by 35.61%, from N279 billion at the end of December 2021 to N378.69 billion at the end of December 2022.
The bank’s earnings per share for the period under review also grew by 27.69%, from N13.8 kobo at the end of December 2021 to N17.62 kobo at the end of December 2022.
The Bank has consistently delivered remarkable results in the last four years, which clearly is a reaffirmation of its continuous growth trajectory and being the leader in Nigeria’s non-interest banking space to its stakeholders and the general banking public.
The Managing Director and CEO, Dr. Sirajo Salisu, described the result as a testimony that Islamic finance has gained acceptance among its stakeholders in Nigeria.
He said that the bank made outstanding progress despite the fluctuating currency rate and the effects of the current Russia-Ukraine war on the entire world.
