Leveraging Technology: JAIZ Bank Makes N1.99 Billion Profit In 3 Months

Jaiz Bank Plc has raked in N1.99 billion profit for the second quarter ended 30 June 2021 up from N1.17 billion declared same time last year.

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 statement which was released to Nigerian Stock Exchange (NSE) shows that the Bank’s Total Income for the period under review grew by 42.1% from N6.23 billion as at end of June 2020 to N8.86 billion at the end of June 2021.

Furthermore, 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 second quarter of 2021.

Speaking on the feat achieved by the bank, 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.

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