Jaiz Bank Plc closed the books on 2025 with total assets hitting ₦1.29 trillion, alongside a net profit of ₦31.04 billion.
Shareholders earned 69.62 kobo per share, according to the bank’s unaudited financial statement—a sign of steady performance in a challenging market.
Balance Sheet Sees Broad Growth
The bank’s balance sheet expanded notably from ₦1.08 trillion in 2024, reflecting growth across most asset classes.
Investments in sukuk rose sharply to ₦489.49 billion from ₦349.56 billion the previous year, highlighting Jaiz Bank’s continued focus on Shari’ah-compliant fixed-income instruments.
Meanwhile, cash reserves at the Central Bank of Nigeria fell slightly to ₦214.54 billion from ₦238.76 billion.
On the flip side, placements with other banks climbed to ₦174.57 billion, indicating more active interbank positioning.
Financing assets dropped to ₦215.25 billion from ₦245.69 billion, while inventory financing declined to ₦58.34 billion.
Property and equipment investments grew to ₦20.17 billion, although leasehold improvements saw a sharp reduction to ₦4.43 billion from ₦27.67 billion, driven by depreciation and asset rationalisation.
Liabilities and Funding Trends
Total liabilities eased to ₦1.01 trillion from ₦1.22 trillion, largely due to reductions in certain funding lines.
Notably, customer current deposits surged to ₦724.05 billion, up from ₦493.60 billion, reflecting stronger deposit mobilisation and liquidity support.
Unrestricted investment accounts held by customers also stood tall at ₦394.28 billion, underscoring the growing role of profit-sharing investments in the bank’s non-interest banking model.
Tax obligations edged up slightly to ₦77.19 billion from ₦73.90 billion in 2024, maintaining fiscal responsibility.
Equity Holds Steady Amid Modest Decline
Shareholders’ equity dipped slightly to ₦68.34 billion from ₦71.47 billion, mainly due to lower retained earnings.
Retained earnings slid to ₦12.57 billion from ₦15.69 billion, while statutory, regulatory, and other reserves remained stable, helping maintain overall balance-sheet resilience.
Strong Income Growth Boosts Profitability
Jaiz Bank’s income performance was impressive, with gross revenue from financing and investment activities rising to ₦97.93 billion from ₦76.41 billion.
Higher sukuk earnings and financing income were the main drivers.
After accounting for impairment charges of ₦452.08 million, net income after provisions reached ₦97.47 billion, compared with ₦76.57 billion the previous year.
Returns to equity investment account holders grew to ₦26.86 billion, leaving the bank’s share of profit at ₦70.61 billion, up from ₦55.29 billion.
Net fees and commissions saw growth, and other operating income contributed ₦1.09 billion, partially offset by an unrealised foreign exchange loss of ₦226.40 million.
Rising Costs, Yet Strong Earnings
Operating expenses climbed to ₦43.37 billion from ₦37.31 billion, driven by higher staff and operational costs.
Despite this, profit before tax increased to ₦31.39 billion from ₦24.44 billion, while after-tax profit rose to ₦31.04 billion, marking a year-on-year improvement.
Earnings per share strengthened to 69.62 kobo from 66.38 kobo.
Looking Ahead to 2026
Jaiz Bank’s 2025 performance underscores steady balance-sheet growth, powered by strong deposit mobilisation and sukuk investments.
While profitability was buoyed by higher financing and investment income, the modest dip in equity and rising operating costs highlight the need for efficient asset deployment and disciplined cost management.
As the bank charts its path into 2026, sustained deposit growth and careful investment decisions will be key to continued success.
Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn