Thursday, July 29, 2021

    Nigeria’s biggest Islamic lender Jaiz Bank posts 32.23% increase in annual profit

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    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    Nigeria’s biggest Islamic lender Jaiz Bank Plc, a non-interest financial institution in Nigeria, has reported a profit before tax of N2.79 billion for the 2020 financial year, up from N2.11 billion in the previous year.

    The bank’s profit after tax rose to N2.51 billion last year from N2.44 billion in 2019, its unaudited financial statements obtained on Friday showed.

    Its customer deposits increased to N74.58 billion in 2020 from N69.60 billion a year ago.

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