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Jaiz Bank Grows Half-Year 2021 Profit By Over 71% - The Revealer
Banking and Finance

Jaiz Bank Grows Half-Year 2021 Profit By Over 71%

Managing Director/CEO Hassan Usman

Financial results of Jaiz Bank Plc for the second quarter ended 30 June 2021 was released to the Nigerian Stock Exchange, showing a 70.6% 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% from N6.23 billion 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% from 3.98 kobo in the second quarter of 2020 to 6.78 kobo at the end the 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.

 

Edet Udoh

We are The Revealer, a general online news platform based in Nigeria. Our focus amongst others is to provide credible, factual, well researched and balanced news and articles for our teeming readers in business, governments, politics, engineering, science, religion, technology etc. Edet Udoh is the Managing Editor. He is an experienced media person. He has worked extensively with the Champion Newspapers, The Authority Newspapers and the Blueprint Newspaper before starting Revealer Online News platform in 2018. He can be reached with this email address: edetudoh2003@gmail.com or via these phone numbers 08061246427 and 08170080488

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