Barbara Bako, Abuja.
Jaiz Bank successfully listed N10.04 billion from its private placement on the Nigerian Exchange Group (NGX) after receiving regulatory approvals from the Securities and Exchange Commission (SEC), the Central Bank of Nigeria (CBN), and NGX.
According to a statement released by the Bank on Tuesday, this achievement puts Jaiz Bank among the selected few that have already fulfilled the updated capital requirements set forth by the CBN before the June 2026 deadline.
The bank’s financial situation remains strong, with a well-organised, diverse, and resilient balance sheet with total assets of ₦1.06 trillion and shareholder funds of ₦47.9 billion.
Speaking on the successful capital-raising exercise, the Chief Executive Officer, Haruna Musa, (PhD) stated: “This achievement underscores the commitment of the board and management to adding value to our customers by providing bespoke ethical finance solutions.
“Jaiz Bank is well-positioned to compete effectively on all fronts, fulfilling customer needs through ethical and innovative financing. Despite a challenging operating environment, we have demonstrated resilience and achieved remarkable growth across financial and non-financial metrics. This positions us firmly on track to becoming the leading ethical bank in Africa.”
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He further emphasized the bank’s strategic focus, saying: “Looking ahead, we will continue strengthening relationships with our loyal customers while attracting new ones. Through our digital platforms, innovative products, and services, we aim to support individuals, businesses, and communities alike. Our journey to lead the future of ethical finance in Africa remains unwavering, as we stay committed to excellence and delivering long-term value to all stakeholders.”
Jaiz Bank’s performance indicators underscore its remarkable growth and operational efficacy while Important financial figures show a Return on Equity (ROE) of 60.74% and a Return on Assets (ROA) of 2.18%.
This milestone strengthens Jaiz Bank’s status as a leader in ethical banking, further affirming its dedication to delivering innovative financial solutions while promoting long-term sustainable growth.
