Jaiz Bank Plc successfully completed its 13th Annual General Meeting.

Jaiz Bank Plc, has successfully completed its 13th Annual General Meeting.

This followed the Bank’s outstanding performance for the year ended 31st December 2024.

The financial results reflect the resilience of Jaiz Bank’s business model which earned it the trust and confidence of shareholders, customers, and stakeholders.

• Gross earnings grew by 75%, rising to ₦82.87 billion in 2024 from ₦47.24 billion in 2023.

• Total assets expanded significantly by 86%, reaching ₦1.08 trillion compared to ₦580 billion the previous year, marking a major milestone as we crossed the one-trillion-naira threshold.

• Profit before tax surged by 121% to ₦24.44 billion, up from ₦11.05 billion in 2023.

• Importantly, our Cost-to-Income Ratio improved to 60.42% from 65.26%, demonstrating enhanced efficiency in our operations.

• Customer deposits grew remarkably by 94% to ₦904 billion, reflecting increasing public confidence in Jaiz Bank.

• Capital Adequacy Ratio strengthened to 23.87% from 17.96%, further reinforcing the stability and soundness of our institution.

• Net risk assets and investments rose by 88% to ₦671 billion, while our Statutory Liquidity Ratio improved to 47.35% from 37.24%.

The aforementioned achievements show the Bank’s commitment to delivering sustainable value, promoting ethical banking, and supporting Nigeria’s economic development