Money market
Jaiz bank reported N6.88bn profit in December 2022
Jaiz Bank Plc, Nigeria’s pioneer non-interest (Islamic) bank, had announced in a statement released, N6.88 billion as Profit After Tax in the period ended December 31, 2022.
According to the statement issued on Friday in Abuja, the bank reported that the N6.9 billion surplus was an increment compared to the N4.9 billion realised in the corresponding year 2021.
However, The bank recorded an impressive growth across all its major indices, replicating an exceptional performance in the financial year.
Similarly, The Gross Earnings rose to N33.3billion, up from N25.6billion recorded in 2021 financial year.
Jaiz Bank audited financial statement as filed on Nigerian Exchange Group(NGX) which showed a 59.5 per cent improvement in net profit for 2022, signifying considerable growth in its key income streams, while the income generated from financing and investment transaction surged by 30 per cent from N24.2billion in the corresponding financial year.