Jaiz Bank grows earnings by 33%; posts N2.51 PAT

Jaiz Bank

Jaiz Bank grows earnings by 33%; posts N2.51 PAT     Nigeria’s premier non-interest bank, Jaiz Bank Plc recorded strong performance in 2020 with 33 per cent growth in the top-line and the bottom-line. Key extracts of the interim report and accounts of the bank for the year ended December 31, 2020 released at the Nigerian Stock Exchange (NSE) at the weekend showed that gross earnings rose by 32.6 per cent while profit before tax grew by 33.3 per cent. The strong bottom-line performance enabled the bank to increase net…

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Earnings Forecast: Jaiz Bank targets N6.15bn gross earnings in Q1 2021

Jaiz Bank targets N6.15bn gross earnings in Q1 2021 To open new branches in South-West soon Nigeria’s pioneer non-interest lender, Jaiz Bank Plc, has forecast N6.15 billion gross earnings for the first quarter of 2021. The bank disclosed its performance targets across major metrics for early next year in its Q1 earnings forecast obtained from the Nigerian Stock Exchange (NSE), in which it also projected to rake in N5.79 billion in interest income. It forecast a profit before tax of N830.41 million and a profit after tax (PAT) of N747.37…

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