Jaiz Bank Plc, Nigeria’s premier Non-Interest bank recorded a N4. 21 billion profit before tax in 2021.

In its unaudited financial results for the period ended 31 December 2021, released to the Nigerian Exchange Group, the bank recorded a 37.17% growth in Profit Before Tax (PBT), from N3.07 billion in December 2020 to N4.21 billion in December 2021.

The bank also declared a 31.76% increase in Gross Income, from N19.61 billion recorded in December 2020 to N25.84 billion at the end of December 2021.

The bank’s Total Assets grew by 19.62% from N233.58 billion at end of December 2020 to N279.42 billion at the end of December 2021.
The Bank’s Shareholders’ Funds for the period under review also increased by 14.84%, from N17.85 billion at end of December 2020 to N20.50 billion at end of December 2021.

Also, earnings per share for the period increased by 21.62% from 9.85 kobo in 2020 to 11.98 kobo in 2021.

Commenting on the development, the Managing Director, Hassan Usman, said: “Jaiz has consistently delivered remarkable results in the last four years, which clearly is a reaffirmation of its continuous growth trajectory, being the leader in Nigeria Non-Interest Banking space.”

He attributed the feats to the bank’s footprints across the country, coupled with the strong ambition to provide excellent service to customers while meeting their financial needs.