Business

Jaiz bank targets N5.56bn profit by 2021

Kayode Tokede

The new listed bank on the Nigerian Stock Exchange (NSE), Jaiz Bank Plc has disclosed that its targeting N5.56 billion profit for financial year ended December 2021.

The financial institution disclosed that its aimed at achieving N14.4 billion share as a Mudarib/equity investors by 2021 while reporting a loss of N3.5 billion return on equity of investment account holders by 2021.

Gross income from Islamic financing transaction by 2021 is expectation was pegged at N17.9 billion.

 The company listed 29,464,249,300 ordinary shares of 50kobo at N1.25 by introduction on NSE main board today.

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