Jaiz Bank grows profit by 67% in 2023, expects better performance — Bintube
Bintube stated that as of the end of December 2023, the bank recorded a profit of over N11 billion, which represented a growth of 67 per cent over previous year of 2022.
Jaiz Bank Plc, Nigeria’s pioneer non-interest, recorded impressive growth in key financial indicators in 2023, expected to sustain and exceed the performance in 2024 and beyond.
The Chairman of the bank’s Board of Directors, Alhaji Mustapha Bintube, disclosed this during its Annual General Meeting (AGM) in Abuja on Tuesday.
He said that in spite of the challenging economic and financial environment in which the bank operated, it had consistently declared dividend annually.
Bintube stated that as of the end of December 2023, the bank recorded a profit of over N11 billion, which represented a growth of 67 per cent over previous year of 2022.
He added that the half-year 2024 results were also impressive, saying the results under review had already exceeded the bank’s full-year profit for 2023.
He reiterated bank’s commitment to continue to improve the amount of dividends paid to shareholders in the coming years.
He noted that Jaiz Bank would continue to leverage its digital channels to improve customer experience and services, saying that “these days, our customers mostly use our digital and electronic channels to conduct transactions.”
He appreciated customers “for the support and loyalty and for the continued patronage, as we look forward to deepened mutually beneficial relationship.”
He announced that due to regulatory requirements, a number of directors who attained maximum of 12 years on the board of directors retired during the year.
He applauded the outgoing directors, saying that their legacies would linger for generations to come.
In a similar note, the chairman commended the efforts of retired members of the Advisory Committee of Experts (ACE) for contributing to the success of the bank.
“To our present and pioneer staff whose sweat and toil helped to create and grow the bank, we say thank you very much,” Bintube said.
He reiterated bank’s commitment to becoming the most successful ethical bank, not only in Nigeria, but in the entire African continent.