Jaiz Bank Plc, the premier Non-Interest Bank in Nigeria, has declared a Profit Before Tax of N3.07 billion for 2020 financial year, a 45.31 per cent increase over N2.11 billion recorded in the previous year.
Gross Earnings from the Report and Accounts for the year ended December 31, 2020, showed a 33.29 per cent growth from N14.71 billion in 2019 to N19.6 billion in 2020.
The bank’s Total Assets during the year under review was N233.59 billion as against N167.27 billion realised in the previous year, representing a 40 per cent growth.
Similarly, there was a leap in the Profit After Tax from N2.44 billion in the preceding year to N2.90 billion for the year ended December 31, 2020.
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Jaiz Bank Plc, a non-interest bank in Nigeria, said its profit before tax rose by 45.31 per cent to N3.07bn as of the end of 2020 financial year, from N2.11bn recorded in the corresponding period of 2019.
It disclosed this on Wednesday in a statement on its accounts for the year ended December 31, 2020 titled ‘Jaiz Bank posts more than 45 per cent increase in annual profit’.
The bank’s gross earnings showed a 33.29 per cent growth from N14.71bn in 2019 to N19.6bn in 2020.
Total assets during the year under review was N233.59bn from N167.27bn realised in 2019, representing a 40 per cent growth.
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Thu Apr 08 2021
Jaiz Bank Plc, the premier non-interest bank in Nigeria has declared a profit before tax of N3.07 billion for the 2020 financial year, a 45.31 per cent increase over N2.11bn recorded in the previous year.
Its gross earnings from the report and accounts for the year ended December 31, 2020, showed a 33.29% growth from N14.71bn in 2019 to N19.6bn in 2020.
The bank’s total assets during the year under review were N233.59bn as against N167.27bn realised in the previous year, representing a 40% growth.
Similarly, there was a leap in the profit after tax from N2.44bn in the preceding year to N2.90bn for the year ended December 31, 2020.
Jaiz Bank releases 2020 report; profit, total earnings, others increase
Similarly, there was a leap in the Profit After Tax from N2.44 billion in the preceding year to N2.90 billion for the year ended December 31, 2020.
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Jaiz Bank Plc, the premier Non-Interest Bank in Nigeria, has declared a Profit Before Tax of N3.07 billion for 2020 financial year, a 45.31 per cent increase over N2.11 billion recorded in the previous year.
Gross Earnings from the Report and Accounts for the year ended December 31, 2020, showed a 33.29 per cent growth from N14.71 billion in 2019 to N19.6 billion in 2020.
The bank’s Total Assets during the year under review was N233.59 billion as against N167.27 billion realised in the previous year, representing a 40 per cent growth.
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The Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, on Thursday in Abuja presented cheques amounting to N125 million to four entrepreneurs and innovators who were adjudged winners of Jaiz Bank’s Covid-19 challenge competition.
The challenge is part of the bank’s Corporate Social Responsibility aimed at spurring ideas and innovation on how to curb the effects of the Coronavirus pandemic.
Presenting the cheques to the winners, Mr Pantami urged them to prudently utilise the funds to grow their businesses and challenge themselves to more innovations and superior ideas.
He said: “I congratulate all those that participated in the competition. This is not the end of it. You are just beginning. I urge you to be consistent, persevere and steadfast and I am sure that with consistency, we will get another Dangote from the winners of today.