Jaiz Bank releases 2020 report; profit, total earnings, others increase

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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.

Earnings Per Share increased from 8.29 kobo in 2019 to 9.85 kobo in 2020. While Return on Equity for the year under review stood at 17.2 per cent, securing a place for the Bank among the top-4 quoted banks with the highest return to shareholders in the country.The Managing Director, Hassan Usman said the bank’s growth strategy focuses on the real sector of the economy, especially the Small and Medium Enterprises and financial inclusion.

The MD noted that while the bank would continue to expand its operations across the country by opening more branches, it will significantly leverage on technology to reach its target markets across the nation and bring the underbanked and unbanked population into the formal economy.

 

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who and who patronized the bank for them to release such a profit report. we are in a worrisome state in Nigeria. A bank whose operation is not up to 18months declares profit while Shoprite of over 10yrs is closing shop. what an economy?

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