Jaiz Bank’s profit rose more than 14 percent in the third quarter of the financial year 2022, according to its latest regulatory filing on the Nigerian Exchange (NGX).
The strong bottom line was supported by healthy income from financing contracts which printed at N15.62 billion, about 46.12 percent above N10.69 billion reported in the comparable period last year.
In the non-interest banking space in Nigeria, Jaiz Bank controls over 62 percent assets, which is supported by its robust gross income of N23.74 billion as at end of September 2022 from N18.78 billion at the end of September 2021, representing 26.34 percent increment.
Jaiz Bank’s unaudited results show that profit for the period increased by 14.59 percent from N2.99 billion declared in September 2021 to N3.26 billion at the end of September 2022.
