JAIZ Bank’s profit grows by 70% - Punch Newspapers

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JAIZ Bank’s profit grows by 70% - Punch Newspapers
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Jaiz Bank Plc has said its profit after tax rose by 70.1 per cent growth to N1.9bn in the first half of 2021 from N1.17bn in the same period of 2020.

According to a statement issued by the bank on Wednesday, the figures were contained in the bank’s financial results released by the Nigerian Stock Exchange.It read in part, “Financial results of Jaiz Bank Plc for the second quarter which ended on 31st June 2021 was released to the Nigerian Stock Exchange, showing a 70.6 per cent growth in profit after tax, from N1.17bn declared in June 2020 to N1.99bn at the end of June 2021.

It also disclosed that the bank’s total income for the period under review grew by 42.1 per cent from N6.23bn as at end of June 2020 to N8.86bn at the end of June 2021.

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