Jaiz Bank Plc grew its Profit before Tax to N2.13 billion in the 3rd quarter of 2020, a 44.36% improvement from the N1.47 billion realized in the corresponding period of 2019.
According to the results posted by the Nigeria’s premier non-interest bank, Profit after Tax as at end, September 30, 2020 rose 47.72% to N1.85 billion, higher than the N1.25 billion earned same period, last year.
Total assets stood at N210billion compared to N167billion, indicating a 25.67% improvement.
The bank also declared N13.65 billion gross income, which when compared to the N9.37 billion recorded in the corresponding period of 2019, shows a 45.71% growth.
The bank’s earnings per share rose by 48% from 4.25 kobo to 6.28 kobo.
Commenting on the performance widely seen as impresive especially at a period of a widespread global uncertainty, Managing Director of the bank, Hassan Usman said it “further demonstrated the bank’s capacity to grow sustainably in line with its strategic vision of becoming the leading non-interest bank in Sub-Saharan Africa.”
He further assured that while maintaining steady focus on elements that contributed to improved performance thus far, the bank would strive to maintain the trend seen in the last three months of the financial year, barring unforeseen circumstances.
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