Jaiz Bank Lists N10.04nn Private Placement on NGX.
…Meets CBN Capital Requirements Ahead of Deadline
By Patience Ikpeme
Jaiz Bank has successfully listed N10.04 billion from its private placement on the Nigerian Exchange Group (NGX), marking a significant milestone for the institution.
This follows approvals from key regulatory bodies, including the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the NGX.
In a statement released on Tuesday, the bank announced that this achievement places Jaiz Bank among the select few banks that have already met the CBN’s revised capital requirements, well ahead of the June 2026 deadline. This proactive approach underscores the bank’s strong financial standing and commitment to regulatory compliance.
The bank further emphasized the robustness of its financial position, highlighting a well-structured, diversified, and resilient balance sheet. Currently, Jaiz Bank’s total assets stand at ₦1.06 trillion, while shareholders’ funds have reached ₦47.9 billion, demonstrating substantial growth and financial strength.
Haruna Musa (PhD), Chief Executive Officer of Jaiz Bank, commented on the successful capital-raising exercise: “This achievement underscores the commitment of the board and management to adding value to our customers by providing bespoke ethical finance solutions. Jaiz Bank is well-positioned to compete effectively on all fronts, fulfilling customer needs through ethical and innovative financing.”
Dr. Musa further emphasized the bank’s resilience and growth, stating, “Despite a challenging operating environment, we have demonstrated resilience and achieved remarkable growth across financial and non-financial metrics. This positions us firmly on track to becoming the leading ethical bank in Africa.” This statement underscores the bank’s ambition and confidence in its future prospects.
Looking forward, Dr. Musa outlined the bank’s strategic focus: “We will continue strengthening relationships with our loyal customers while attracting new ones. Through our digital platforms, innovative products, and services, we aim to support individuals, businesses, and communities alike. Our journey to lead the future of ethical finance in Africa remains unwavering, as we stay committed to excellence and delivering long-term value to all stakeholders.” This forward-looking perspective highlights the bank’s dedication to innovation and customer satisfaction.
Jaiz Bank’s performance metrics further validate its exceptional growth and operational efficiency. The bank boasts a Return on Equity (ROE) of 60.74% and a Return on Assets (ROA) of 2.18%, demonstrating strong profitability and efficient asset utilization.
This successful listing on the NGX and early compliance with CBN capital requirements reinforces Jaiz Bank’s position as a leader in ethical banking. The bank’s commitment to providing innovative financial solutions while driving long-term sustainable growth is further solidified by this significant achievement.
The capital injection will undoubtedly enable the bank to further expand its operations, enhance its product offerings, and solidify its presence in the Nigerian financial landscape.
