Jaiz Bank posts N540m H1 profit
Jaiz Bank Plc has posted a profit of N540.212 million in the first half of the year as against N152.673 million realized in the corresponding period of 2016, showing an impressive growth of 254 percent.
The unaudited report submitted to the Nigerian Stock Exchange shows that the bank grew its total assets to N80.662 billion in the half year of 2017 compared to N65.230 billion in the corresponding period of 2016.
According to the report, the bank’s shareholders’ fund has increased from N11.302 billion realized in the first half of 2016 to N15.248 billion in the first half of 2017.
Speaking on the impressive results, the Managing Director/ CEO Hassan Usman attributed the success to the support from the Board, Management and staff of the bank in addition to “our commitment to the business model which is hinged on a better life for all our stakeholders”.