BUSINESS

Jaiz Bank Grows Profit To N2.5Bn In 2020

Jaiz Bank Plc, Nigeria’s premier non-interest bank has released its unaudited statement of financial position for the period ended 31st December 2020 with 3.92% growth in profit for the last three months to N660.192 million from N635.253 million in Q4 2019.

Profit after tax for the full year rose by 2.66% to N2.508 billion from N2.443 billion in 2019.

While gross Income from financing transactions rose to N4.902 billion in Q4 from N4.148 billion in Q4 2019, the figure rose to N18.761 billion from N13.518 billion in 2019.

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