Jaiz Bank posts N9.9bn earnings in Q1

According to the bank’s unaudited results released yesterday, it recorded 44.55 per cent profit growth in its pre and post-tax, with the gross income rising by 38.3 per cent as at end of the first quarter on March 31, 2023.

The statement reads in part: “Gross income rose to N9.88bn in Q1 2023 as against N7.2382b in Q1 2022. Also, Profit Before Tax (PBT) reached N1.59bn, a year-on-year increase of 45.62 per cent over the N1.10bn reported in Q1 2022.”

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