By Tony Obiechina, Abuja
Nigeria’s pioneer non-interest financial institution, Jaizbank Plc has recorded a profit of over N11 billion as of the end of December, 2023. This represented a growth of 67% over the previous year of 2022.
The Chairman of the Board, Mohammed Mustapha Bintube who disclosed this at Bank’s 12th Annual General Meeting (AGM) in Abuja on Tuesday said despite the prevailing challenging economic and financial environment, the Bank has consistently declared dividend annually.
According to him, the half year 2024 results were quite impressive as the results under review had exceeded the Bank’s full year profile for 2023.
“We have consistently paid dividends to our shareholders over the years and we will continue to improve the amount of dividends to our shareholders we will pay to our shareholders over the coming years”, he added.
The Chairman further disclosed that the Bank will continue to leverage its digital channels to improve customer experience and services, adding that “these days, our customers mostly use our digital and electronic channels to conduct their various banking transactions”.
Bintube while appreciating the customers said, “we thank our loyal and supportive customers for their continued patronage and looking forward to a deepened mutually beneficial relationship”.
He noted that due regulatory requirements, a number of directors who have reached a maximum of 12 years on the board retired during that year and commended their efforts for contributing towards the success of the Bank. READ ALSO:
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The Chairman asserted that tha Bank is committed to making JAIZ Bank the most successful ethical Bank not only in Nigeria, but the entire African continent.
