KEY POINTS
- Jaiz Bank’s ₦10.04 billion private placement listed to NGX.
- Also, total assets grew to ₦1.06 trillion while shareholders’ funds rose to ₦47.9 billion.
- Africa’s leading ethical finance institution is the aim of the bank.
The Nigerian Exchange Group (NGX) has listed the proceeds of ₦10.04 billion from a successful private placement conducted by Jaiz Bank. It comes after approvals by the Central Bank of Nigeria (CBN) and the Securities Exchange Commission (SEC), local news daily.
Jaiz Bank with this milestone joins a small group of banks that have already met the CBN new minimum capital requirements ahead of the June 2026 deadline. Strengthened capital position of the bank shows the stability and further growth plans of the bank.
The bank’s statement said its total assets grew to ₦1.06 trillion while its shareholders funds have risen to ₦47.9 billion. With this, Jaiz Bank will continue to march towards becoming Africa’s leading ethical bank.
Dr Haruna Musa, Chief Executive Officer of Jaiz Bank said the achievement was a demonstration of the commitment of the board and management to offer a commercially and profitably sustainable bank service that adds value to customers through bespoke ethical finance solutions.
Jaiz Bank’s story in becoming an African ethical banking leader
It comes as no surprise that the private placement of Jaiz Bank has gone on to support its operational strategy of providing ethical finance solutions.
It has been further boosted by the capital injection that has strengthened its balance sheet and put it where it can successfully compete in the rapidly changing banking sector.
The bank’s financial performance metrics signal about the bank’s operational efficiency. Further, it has recorded ROE of 60.74 percent and ROA of 2.18 percent.
With these figures in perspective, Jaiz Bank’s potential for growth and for adding value for the stakeholders becomes very obvious.
Dr. Haruna Musa noted that Jaiz Bank is focused to widening customer engagement and also providing unique financial products. “We will look to continue to establish relationships with our established loyal customers as well as continue to attract new customers.” “We want to enable all individuals, businesses, and communities with our digital platforms, innovative products and services,” he said.
In line with its vision to become Africa’s leading ethical bank, the bank’s approach covers. Jaiz Bank continues to stand out from the crowded Nigeria banking landscape market by deploying digital transformation, innovative financial products that serve customers’ demands better.
This listing of the private placement proceeds on NGX is a demonstration of Jaiz Bank’s strategic foresight. This makes the bank more resilient in an environment of difficult finance in Nigeria and also places it at the helm of ethical banking across Africa.
