Jaiz Bank Predicts N747 Million Profit After Tax for Q1 2021

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -
Jaiz Bank Plc, Nigeria’s premier non-interest bank, has predicted N747,367,808.78 billion Profit After Tax for the first quarter of 2021, according to the latest filing from the bank on the Nigerian Stock Exchange platform.

Jaiz bank estimated interest income at N5,793,140,397.68 while operating expenses was projected at N3,534,387,991.42.

Jaiz Bank Predicts N747 Million Profit After Tax for Q1 2021 Brandspurng1
SOURCE: NSE

A peek at the 9-month results for the period ended September 30, 2020

  • Profit before tax was N2.13 billion compared to N1.47 billion realised in the corresponding period of 2019, representing 44.4 per cent.
  • Profit after tax was N1.85 billion as at the end of September 30, 2020, compared to N1.25 billion earned at the end of September 2019, which shows an increase of 47.72 per cent.
  • Total assets of the bank as of September 30, 2020, was N210 billion compared to N167 billion in the corresponding period of 2019, which was a 25.67 per cent increment.
  • The bank declared N13.65 billion gross income at the end of September 30, 2020, compared to N9.37 billion in the corresponding period of 2019, a 45.71 per cent growth.
  • Jaiz Bank’s earnings per share increased by 48 per cent from 4.25 kobo on September 30, 2019, to 6.28 kobo as of September 30, 2020.
Read Also:  African Economies: Sticking to the guns of re-opening

Jaiz Bank Predicts N747 Million Profit After Tax for Q1 2021

- Advertisement -
Jaiz Bank Predicts N747 Million Profit After Tax for Q1 2021 - Brand SpurJaiz Bank Predicts N747 Million Profit After Tax for Q1 2021 - Brand Spur
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Jaiz Bank Predicts N747 Million Profit After Tax for Q1 2021 - Brand SpurJaiz Bank Predicts N747 Million Profit After Tax for Q1 2021 - Brand Spur

Latest News

Establishing Twitter’s Presence in Africa, Why Ghana?

In line with its growth strategy, Twitter has announced that it is now actively building a team in Ghana. Twitter CEO...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Jaiz Bank Predicts N747 Million Profit After Tax for Q1 2021 - Brand SpurJaiz Bank Predicts N747 Million Profit After Tax for Q1 2021 - Brand Spur