Jaiz Bank Appoints Dr. Sirajo Salisu As Managing Director/CEO
Dr.Sirajo Salisu, MD/CEO, Jaiz Bank Plc
Jaiz Bank Plc. the pioneer Non-Interest Bank in Nigeria has announced the appointment of Dr. Sirajo Salisu as its Managing Director/Chief Executive Officer.
A Certified Risk Manager, Sirajo will succeed Malam Hassan Usman who is retiring as the MD/CEO of the Bank. His appointment takes effect from October 16, 2022.
Until his appointment, Dr. Sirajo held several Senior and Executive positions in the bank such as Regional Manager South, Chief Risk Officer and Executive Director, Business
Development North where he served diligently in providing the strategic direction to grow the Bank’s business in the Northern region of the country.
Prior to joining Jaiz Bank Plc. In 2016, Sirajo served as the Managing Director/CEO of Arab Gambian Islamic Bank (AGIB), a position he held for Six (6) years.
Dr. Sirajo is a 1991 BSc. Economics graduate from Bayero University Kano. He has an M.Sc. in Monetary Economics from the University of Port Harcourt and Ph.D.
in Agricultural Economics from Abubakar Tafawa Balewa University, Bauchi. He also obtained another Master’s Degree in Islamic Banking and Finance from
Bayero University Kano. He is also a Fellow of the Institute of Credit Administration (FICA) and Honorary Senior Member, Chartered Institute of Bankers of Nigeria (CIBN).
The Board and Management wish him success in this role and are optimistic this appointment will positively impact the Bank.
Meanwhile, Jaiz Bank has increased its half-year profit by more than 27%.
The bank’s unaudited financial results for the second quarter ended 30 June 2022 released to the Nigerian Exchange Group (NGX), showed a 27.6% increase in Profit After Tax (PAT) from N1.99 billion declared in June 2021, to N2.54 billion at the end of June 2022.
Given the performance, the Bank’s total income increased by 17.8% during the review period, from N8.86 billion for the six months ending June 2021 to N10.44 billion for the half year ending June 2022.
The Bank’s earnings per share increased by 8.25% during the period under review, from 6.78 kobo for the second quarter of 2021 to 7.34 kobo at the end of the second quarter of 2022.
The positive earnings result is undoubtedly reassuring, to all stakeholders and the public. It underscores the role of Jaiz as the pioneer Non-Interest Bank in Nigeria, as well as the industry leader.
In response to the outcome, Managing Director/CEO of the Bank, Hassan Usman, stated that the Bank remained committed to providing value-creating ethical banking services to its growing customer base. He assured us that the Bank is positioned to continue its remarkable earnings streak for the remainder of the year, by leveraging technology and extending its touch points across the country.
