• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Company Results

Jaiz Bank rakes in N925 million profit in Q3 2022

Income from financing contracts was up from N3.5 billion to N5.7 billion

Zainab Iwayemi by Zainab Iwayemi
October 31, 2022
in Company Results
Jaiz Bank rakes in N925 million profit in Q3 2022
Share on FacebookShare on TwitterShare on Linkedin

Jaiz Bank’s profit for the nine months ended September 31st, 2022 increased by 20% to N925 million.

The report shows that income from financing contracts was up from N3.5 billion to N5.7 billion, driven by income from Murabaha transactions and Murabaha profit–corporate.

Murabaha transaction is an Islamic financing structure in which the seller and buyer agree to the cost and markup of an asset, which takes the place of interest. 

RelatedStories

Jaiz Bank earmarks N10bn to ease Hajj Operation in Nigeria  

Jaiz Bank earmarks N10bn to ease Hajj Operation in Nigeria  

May 2, 2025
NCC,

USSD debt: NCC grants telcos approval to disconnect 9 banks 

January 15, 2025

Income from investment activities also went up to reach N2.5 billion, from N2.3 billion recorded last year as the company realized N504 million and N2 billion respectively from trading assets and Sukuk, a sharia-compliant bond-like instrument used in Islamic finance. This led to an increase in the gross income from financing transactions to N8 billion from N5.9 billion. 

Fees and commission income for the period grew to N365 million in Q3 2022 from N218 million in Q3 2021. This is as the bank recorded a spike in banking services and net income from its e-business for the period, however, other operating income saw a low record of N2.9 million compared to N148 million during the period. 

 Staff costs increased to reach N2.1 billion from N1.98 billion as a result of the increase in Salaries, Pension training, and seminar as well as other expenses. Similarly, operating expenses were up to reach N1.96 billion from N1 billion the previous year, and profit before tax was valued at N1.4 billion from N970 million, driven by massive growth in the advertising and marketing bonus and benefits and among others.

 Earnings per share for the period increased slightly to N2.68 in Q3 2022 compared to the previous year at N2.62. The company’s total assets reached N325 billion in Q3 2022 compared to N279 billion in the same period of the previous year 

 


Follow us for Breaking News and Market Intelligence.
Tags: Jaiz Bank
Zainab Iwayemi

Zainab Iwayemi

For further inquiries about this article, contact: Email: zainab.iwayemi@nairametrics.com Twitter: @IwayemiZainab LinkedIn: Zainab Iwayemi

Related Posts

Jaiz Bank earmarks N10bn to ease Hajj Operation in Nigeria  
Companies

Jaiz Bank earmarks N10bn to ease Hajj Operation in Nigeria  

May 2, 2025
NCC,
Financial Services

USSD debt: NCC grants telcos approval to disconnect 9 banks 

January 15, 2025
Jaiz Bank’s earnings forecast and rights issue: Impact on shareholders and market sentiment
Companies

CBN Requirements: Jaiz Bank announces conclusion of N10.04 billion private placement  

December 18, 2024
Jaiz Bank sponsors 2024 Abuja National Polo Tournament
Companies

Jaiz Bank sponsors 2024 Abuja National Polo Tournament

December 17, 2024
Jaiz Bank’s earnings forecast and rights issue: Impact on shareholders and market sentiment
Appointments

Jaiz Bank appoints Mallam Mustapha Ibrahim Ahmad, FCA, as Non-Executive Director 

November 11, 2024
Federal High Court, REA
Exclusives

Jaiz Bank secures Appeal Court order quashing dismissal of N226 million reversal suit against Capricorn Digital 

November 10, 2024
Next Post
Why President Tinubu’s plan to unify the naira will be a long, arduous process 

Buying frenzy as naira hoarders drive exchange rate past N800/$1 at FX black market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
Zenth Bank
first bank
Zenth Bank








DUNS

Recent News

  • FG commissions 16 projects at Federal Neuropsychiatric Hospital, Sokoto 
  • Federal Government to establish 7,000 digital hospitals in rural communities — Dr. Bosun Tijani 
  • SEC warns investors against Silverkuun Investment, flags unregistered financial scheme 

Follow us on social media:

Recent News

FG commissions 16 projects at Federal Neuropsychiatric Hospital, Sokoto 

FG commissions 16 projects at Federal Neuropsychiatric Hospital, Sokoto 

May 28, 2025
An open letter to Honourable Minister of Communications, Innovation and Digital Economy, Bosun Tijani

Federal Government to establish 7,000 digital hospitals in rural communities — Dr. Bosun Tijani 

May 28, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics