SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!
+234 708 063 5500 | +234 708 063 5555
  • About Us
  • Press Release
  • Investor Relations
  • Kids Can Code Program
  • Blog

Jaiz Bank Plc

  • Home
  • About Jaiz
    • About Us
    • Our Vision & Mission
    • Our Core Values
    • Vision and Values
    • Islamic Banking
    • Board Of Directors
    • Advisory Committee Of Experts
    • Management Team
  • Product & Services
    • Personal Banking
      • Current Account (Qard)
      • Savings account (Mudarabah)
      • Jaiz Premium Savings Account (JAPSA)
      • Jaiz Kids Account (Mudarabah)
      • Jaiz Auto Finance (Murabaha)
      • Jaiz Household Appliances Finance (Murabaha)
      • Jaiz General Consumer Finance (Murabaha)
      • Jaiz Home Finance (Ijara wa Iqtina)
      • Ijara Service
      • Agent Banking
    • Corporate Banking
      • Jaiz Wakala Investment
      • Bonds and Guarantee (Wakala/Kafala)
      • Equity-based Finance (Musharaka)
      • Jaiz Ijara Service Corporate
      • Lease to Own (Ijara wa Iqtina Corporate) Finance
      • Project Financing/Construction (Istisna’)
      • Working Capital Financing (Murabaha)
    • Trade Finance
      • Import Finance (Murabaha)
      • Export Finance (Murabaha)
  • eBusiness
    • JaizOnline
    • JaizMobile
    • Point Of Sale (POS)
    • JaizPay
    • Jaiz Just Top-Up
    • Automated Teller Machines (ATMs)
    • Jaiz Notification System (Jaiz Alert)
    • MasterCard
    • Verve Cards
  • Investor Relations
    • Annual Report and Accounts
    • Unaudited Account
    • Audited Report
    • Rights Issue
    • Proxy form
    • Notice of Annual General Meeting
    • Others
    • Impact of COVID-19 to our Business Operations
  • Media/Publications
    • Gallery
    • Press Release
    • Download
  • Contact Us
    • Corporate Contact
    • Branch Locator
    • ATM Locator
    • Agency Banking Network Locator
    • FAQ
    • Whistle Blower
    • Communication Policy
    • Privacy Policy
  • Complaints & Enquiries
iBanking

JAIZ BANK DECLARES N1.25BN PROFIT AFTER TAX

by Jaiz Bank / Tuesday, 05 November 2019 / Published in Press Release

Jaiz Bank Plc, Nigeria’s premier non-interest (Islamic) bank has once again shown its capability of rounding up the year positively by posting impressive nine months results.

Key extracts of the nine-month report for the period ended September 30, 2019 released to the Nigerian Stock Exchange (NSE) showed that total income rose by 49.2 %, while pre and post-tax profits increased by 509.47% and 673.21% respectively.

The nine-month report indicated that Profit – before-tax jumped from N241.3million to N1.47billion, while net profit rose to N1.25billion from N161.7 million in the corresponding period of 2018.

The Bank also grew its total income by 49.2 percent from N5.14billion in the corresponding period of 2018 to N7.7billion at the end of September 30th 2019, while earning per share improved by 670.91%, from 0.55kobo to N4.24 kobo.

The Balance Sheet showed stronger underlying strength during the period as total Assets rose by 40% from N108.46 billion to N152billion, while the Bank’s liabilities also grew by 45.60% from N95.35billion in September 2018 to N138.84billion in the period under review.

This growth trajectory of the Bank can be traced to its early positive development right from the beginning of the when it posted impressive results in both the first and second quarters of the year.

For instance, the Bank grew its total income by 42.17% from N3.39 billion as at June 30th 2018 to N4.82 billion at the end of June 30th 2019, while earning per share improved by 294.87%, from 0.78 kobo to N3.08 kobo. Still in the second quarters, its total Assets rose by 47.62% from N99.58 billion to N144 billion, while return on Investment grew by 18.35% from N1.01 billion to N1.2 billion.

The Bank’s first quarter results laid the foundation for positive outing as it recorded a profit after tax of N428.68 million, compared to the N124.58 million recorded in the comparable period in 2018. Key underlying ratios showed improvements in returns and operational strength of the bank.

Commenting on its performance, Managing Director of the Bank, Mr. Hassan Usman, said the nine-month ended September 30th 2019 results further demonstrated that the bank has the capacity to grow sustainably in line with its strategic vision of becoming the leading non-interest bank in Sub-Saharan Africa by 2022.

He further assured that while maintaining steady focus on elements that contributed to improved performance thus far and barring unforeseen circumstances, this trend would be improved upon in the remaining period of the financial year.

About Jaiz Bank

What you can read next

Golden Rules
Three Financial Golden Rules
MD Jaiz Bank at AGM
JAIZ BANK GROWS HALF-YEAR PROFIT BY 44%
JAIZ, KOGI PARTNER TO EMPOWER WOMEN, FARMERS, ARTISANS, TRADERS

1 Comment to “ JAIZ BANK DECLARES N1.25BN PROFIT AFTER TAX”

  1. Mustapha Shehu says :Reply
    November 30, 2019 at 7:08 am

    Excellent performance..
    Congratulations to all Jaiz bank stakeholders especially management and employees.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Recent Posts

  • NIFIAN ELECTS JAIZ BANK’S MD HASSAN USMAN AS FIRST PRESIDENT

    NIFIAN ELECTS JAIZ BANK’S MD HASSAN USMAN AS FIRST PRESIDENT, Inaugurates pioneer EXCO members

    The Non-Interest Financial Institutions Associa...
  • Golden Rules

    Three Financial Golden Rules

    With the pandemic we experienced this year, we ...
  • Jaiz Bank Executives at the Extraordinary General Meeting

    JAIZ BANK GROWS THIRD QUARTER PROFITS BY 48%

    Jaiz Bank Plc, Nigeria’s premier non-interest b...
  • Some Directors of the Bank

    JAIZ BANK APPOINTS THREE NEW DIRECTORS

    Jaiz Bank Plc, the premier non-interest bank in...
  • JAIZ BANK, HAJJ COMMISSION SIGN HAJJ SAVINGS SCHEME

    JAIZ BANK, HAJJ COMMISSION SIGN HAJJ SAVINGS SCHEME

    Jaiz Bank Plc, the premier non-interest Bank in...

Helpful Links

  • Online Account Opening
  • Account Opening Form
  • Jaiz Kids Savings Account
  • Jaiz Auto Ijara
  • Jaiz Premium Savings Account
  • Jaiz Salary Current Account
  • Jaiz Domiciliary Account
  • Jaiz Investment Account

About Jaiz Bank PLC

Jaiz Bank PLC is a national bank and a quoted public company owned by over 26,000 shareholders spread over the six geo-political zones of Nigeria.The Bank’s balance sheet has grown from N12 billion in 2012 to about N62 billion, with asset financing of over N30 billion.

Relevant Links

  • About Jaiz Bank
  • Our Core Values
  • Board of Directors
  • Our Vision And Mission
  • Management Team
  • Gallery
  • Press Release
  • Blog

Our Products

  • Online Account Opening
  • Account Opening Form
  • Jaiz Kids Savings Account
  • Jaiz Auto Ijara
  • Jaiz Premium Savings Account
  • Jaiz Salary Current Account
  • Jaiz Domiciliary Account
  • Jaiz Investment Account

Get in Touch

  • Online Account Opening
  • Branch Locator
  • Contact Us
  • Careers
  • Download
  • FAQ
  • Whistle Blower
  • Privacy Policy

Contact Information

  • Address: 73,Ralph Shodeinde Street, Kano House, Central Business Area, Abuja.
  • Phone: +234 708 063 5500 | +234 708 063 5555
  • Working Days/Hours: Mon - Fri / 8:00 AM - 4:00 PM

Twitter Tweets

Like Us On Facebook

© 2019 Jaiz Bank Plc. All Rights Reserved.

TOP
This website uses cookies to provide the most relevant information to you. By continuing to browse the website, you are agreeing to use our site cookies. Read our policy.
ACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.