Jaiz Bank eyes N34bn gross earnings in Q4 2025
Jaiz Bank Plc is projecting a profit after tax of N8.6 billion for the fourth quarter of 2025, slightly lower than the N8.9 billion earlier forecast for the third quarter, which is yet to be released. The forecast, published on the Nigerian Exchange and signed by the Bank’s Chief Financial Officer, Oseni Bello, outlines expectations […]
Jaiz Bank Plc is projecting a profit after tax of N8.6 billion for the fourth quarter of 2025, slightly lower than the N8.9 billion earlier forecast for the third quarter, which is yet to be released.
The forecast, published on the Nigerian Exchange and signed by the Bank’s Chief Financial Officer, Oseni Bello, outlines expectations for the final stretch of the year with the bank projecting a N34bn in the last quarter.
If achieved, this would bring total profit after tax for 2025 to over N32 billion, an improvement on the N24.8 billion recorded in 2024.
Jaiz Bank’s top-line profitability remained solid in both the first and second quarters of 2025.
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In the first quarter, income from financing contracts rose to N9.7 billion compared to N7.4 billion in the same period of the previous year.
Murabaha transactions accounted for the largest share at N6.7 billion, up 37.33%, while Ijara transactions contributed N2.22 billion, up 6.69%.
During the last Annual General Meeting of the bank held in August, the foremost non-interest bank’s Gross earnings grew by 75%, rising to N82.87 billion in 2024 from N47.24 billion in 2023.
Also profit before tax surged by 121% to N24.44 billion, up from N11.05 billion in 2023.