This accomplishment places the bank among the early adopters of the CBN's new capital requirements, significantly ahead of the June 2026 deadline.
In a recent statement, the bank affirmed its strong financial standing, characterized by a well-structured, diversified, and resilient balance sheet. Currently, total assets are reported at 1.06 trillion, with shareholders’ funds amounting to 47.9 billion.
Commenting on the successful capital-raising initiative, the Chief Executive Officer, Dr. Haruna Musa, stated that this milestone reflects the dedication of the board and management to enhancing customer value through tailored ethical finance solutions.
He noted, "Jaiz Bank is strategically positioned to compete effectively across all sectors, meeting customer demands through ethical and innovative financing. Despite facing a challenging operating environment, we have shown resilience and achieved significant growth in both financial and non-financial areas, firmly establishing our path to becoming the leading ethical bank in Africa."
Dr. Musa further highlighted the bank’s strategic direction, stating, "As we look to the future, we will continue to strengthen our relationships with existing customers while also attracting new ones. Through our digital platforms and innovative products and services, we aim to support individuals, businesses, and communities. Our commitment to leading the future of ethical finance in Africa remains steadfast, as we strive for excellence and long-term value for all stakeholders."
Jaiz Bank’s performance metrics underscore its impressive growth and operational efficiency, with key financial ratios reflecting a Return on Equity (ROE) of 60.74% and a Return on Assets (ROA) of 2.18%.
This accomplishment strengthens Jaiz Bank's leading role in ethical banking, underscoring its dedication to providing innovative financial solutions for its clients.