By Abiodun Folarin
WorldStage– Jaiz Bank Plc, one of Nigeria’s leading non-interest banks, listed on the Nigerian Exchange Limited ( NGX), recorded a 19 per cent growth in total assets, rising to ₦1.29 trillion in 2025 from ₦1.08 trillion in 2024, while shareholders backed a N150 billion capital raise aimed at strengthening the bank’s expansion and long-term growth strategy.
The Islamic bank also reported a 24 per cent increase in customer deposits, which rose from ₦904 billion to ₦1.12 trillion, reflecting growing customer confidence in its products and services.
The Managing Director and Chief Executive Officer of Jaiz Bank Plc, Dr. Haruna Musa, disclosed this on Wednesday while briefing journalists after the bank’s 14th Annual General Meeting (AGM).
He said shareholders had authorised the bank to raise an additional ₦150 billion to strengthen its capital base and position it competitively alongside conventional banks.
Musa noted that the bank recently demonstrated its financial strength by successfully meeting the Central Bank of Nigeria’s (CBN) ₦200 billion minimum capital requirement for non-interest banks during the recapitalisation exercise concluded in March 2026.
Presenting an update on the bank’s 2025 financial performance, Musa said net risk assets and investments expanded by 27 per cent from ₦671 billion in 2024 to ₦849 billion in 2025.
According to him, gross earnings rose by 24 per cent to ₦102.81 billion in 2025 from ₦82.87 billion in the previous year, while Profit Before Tax (PBT) increased by 28 per cent to ₦31.24 billion from ₦24.44 billion recorded in 2024.
“This performance was driven by growth in financing activities, investment income and increased customer transactions. The results underscore our ability to generate sustainable earnings while remaining faithful to our principles of ethical and value-based banking,” Musa said.
He added that the bank achieved improved operational efficiency, with its cost-to-income ratio declining from 60.42 per cent in 2024 to 58.09 per cent in 2025. The Capital Adequacy Ratio also strengthened significantly, rising from 23.87 per cent to 26.89 per cent.
“This reflects our focus on digital transformation, process optimisation, disciplined cost management and improved productivity across the bank. Our strong capital position provides adequate capacity to support future growth, absorb potential shocks and take advantage of emerging opportunities in the financial services sector,” he said.
Despite a challenging macroeconomic environment characterised by inflationary pressures, exchange rate volatility and rising operating costs, Musa said the bank remained resilient and continued to execute its strategic objectives effectively.
“Our results reaffirm the strength of our business model, the confidence of our customers and the increasing acceptance of ethical and non-interest banking across Nigeria,” he said.
Going forward, Musa said Jaiz Bank would continue to accelerate its digital transformation initiatives, deepen retail and SME banking penetration, and pursue strategic growth opportunities aimed at sustaining profitability and enhancing shareholder value.
