• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Jaiz Bank’s Gross Earnings Grow By N6.2bn In 2021

by Mark Itsibor
3 years ago
in Business
JAiz
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria based Islamic bank, Jaiz Bank Plc has posted a total gross earning of N6.2 billion for the year end 2021. The gross earnings improved by 32 per cent to N25.843 billion from N19.614 billion reported in the prior year, according to its 2021 operation result that was released yesterday in Abuja.

Advertisement

The bank’s total assets also increased by 20 per cent – from N233.596 billion in 2020 to N279.275 billion in the year under review.

Meanwhile, shareholders of the bank have approved the payment of a 4 Kobo dividend per share for the financial year 2021.

Its financing and investment assets improved by 19 per cent from N165.995 billion to N197.529 billion, a feat the bank’s managing director, Hassan Usman said was evidence to the bank management’s ‘strong commitment to supporting our customers’ and their businesses.

Chairman of the non-profit bank, Alhaji (Dr.) Umarua Mutallab said, “Our business as a bank has shown incredible resilience during the year under review.”

RELATED

Mobile Phone Subscribers Shrink 30% As SIM-NIN Policy Takes Effect

SIM Swap, Registration Temporarily Halted As Telcos Migrate To New NIMC System

3 hours ago
Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

10 hours ago

Jaiz bank’s 2021 annual report that was presented to its shareholders at its annual general meeting yesterday showed that its customer deposits grew by about 19 per cent from N175.513 billion in 2020 to N209.089 billion in 2021 attesting to the confidence the market reposed in the bank, according to Mr Usman.

The financial report showed that its profit before tax rose by 43 per cent from N3.066 billion in 2020 to N4.373 billion in 2021 while profit after tax also grew by about 48 per cent from N2.903 billion to N300 billion in the year under review.

The managing director said Jaiz Bank has impacted businesses and individuals, including providing aggregate funding to the tune of N75 billion to agriculture and instrumental to the provision of housing to 3,696 families. He said the bank also facilitated development of over 7,000 shops and warehouses for small and medium business owners. Apart from that, Usman said Jaiz Bank contributed about N1.61 billion to the fiscal coffers of federal governments in the form of taxes, trained more than 2005 smallholder farmers and provided them with total financing of N609 million to support their livelihood and boost food security in the country.

Many of the shareholders who were in attendance at the meeting applauded the management for their effort. They however urged the board of directors to look into the issue of raising the dividend by share to a significant figure by the next year.

Some also urged the board to address the wide gender gap largely dominated by male. They urged them to reduce the gap by bringing more female directors to the board. Jaiz Bank is notorious for promoting gender inequality in its board and general staff.

Based on the annual report, there is only one female out of its 16-member board. Also, it has two females against the six top management staff. From its 735 total employees, 539 or 73 percent are male, while female folks are 196 (27 per cent)

Alhaji Mutallab told the members that the future looks bright and fulfilling. Already, the macroeconomic indices are projected to have an uptick, as most of the economies have rebounded except some few. As for us (the Bank), we will remain resolute in providing our customers better services in an efficient and delightful manner.

“Our digital roadmap will be judiciously executed in order to simplify our processes and engender employees’ productivity while optimising shareholders return,” he told the gathering.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

TCN Begs Electricity Workers To Shelve Planned Strike

Next Post

Inflation: CBN Raises Savings Interest To 4.2%

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Mobile Phone Subscribers Shrink 30% As SIM-NIN Policy Takes Effect
Business

SIM Swap, Registration Temporarily Halted As Telcos Migrate To New NIMC System

2025/07/02
Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director
Business

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

2025/07/01
FUEL CRISIS…Hold Marketers Responsible For Long Queues – Dangote
Business

Dangote Refinery Slashes Petrol Price To N840

2025/07/01
Carloha Nigeria Supports Lifemate’s Anniversary With New Vehicle
Business

Carloha Nigeria Supports Lifemate’s Anniversary With New Vehicle

2025/07/01
Kiss918 Table Games: A Chill Malaysian Guide To Winning Big
Business

Kiss918 Table Games: A Chill Malaysian Guide To Winning Big

2025/07/01
External Reserves Decline $3.5bn In 6 Months
Business

External Reserves Decline $3.5bn In 6 Months

2025/07/01
Leadership Conference advertisement

LATEST

Governors’ Wives Declare Cancer Fight A National Mission

Excess Salt Intake: What Nigerians Need To Know

Ministry Engages Stakeholders, Citizens For Grassroots Development

Federal Gov’t Approves Disbursement Of N65bn To Health Facilities

Needed: Synergy Among Security Agencies

Local Farmers Making Profit From Turning Agricultural Waste Into Fertiliser

Stakeholders Raise Alarm Over Growing Cases Of Violence Against Women, Girls In Osun State

Bauchi One Of The Most Secure States, Bala Tells Investors

Education Beats Poverty, Not AI, Tinubu Tells Saint Lucians Students

Tinubu Reaffirms Commitment To Infrastructural Development

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.