James Emejo in Abuja
Shareholders of Jaiz Bank Plc have approved a total dividend of N883.9 million, representing three kobo per share for the 2020 financial year.
Speaking at the bank’s ninth Annual General Meeting (AGM) in Abuja, its Chairman, Alhaji Umaru Abdul Mutallab, said the Islamic financial institution worked assiduously towards ensuring that the dividend payment was made to the shareholders to meet their aspirations.
He explained that despite the challenging economic environment that was aggravated by the COVID-19 pandemic, gross earnings rose by 33 per cent from N14.70 billion in 2019 to N19.60 billion in 2020.
Managing Director/Chief Executive, Jaiz Bank, Mr. Hassan Usman, said the bank had demonstrated financial resilience by remaining profitable during a tumultuous year.