Jaiz Bank Plc has reported a 28 per cent growth in profit before tax to ₦31.24 billion for the year ended December 31, 2025, up from ₦24.44 billion in 2024, as the non-interest bank posted across-the-board growth in earnings, deposits and assets despite a tough macroeconomic environment.
Disclosing the bank’s audited results at a press briefing on the sidelines of the hybrid 14th Annual General Meeting of the bank, Managing Director/CEO Dr Haruna Musa said the performance was driven by growth in financing activities, investment income and increased customer transactions, describing 2025 as “another period of remarkable growth and strategic progress” for the bank.
The AGM ratified the appointments of executive and non-executive directors as well as gave the go-ahead to pursue an additional capital raise of N150,000 billion to expand on the bank’s offerings.
The balance sheet expands across the board
Total assets grew by 19 per cent to ₦1.29 trillion, from ₦1.08 trillion in 2024, which Musa said reinforced Jaiz Bank’s position as Nigeria’s leading non-interest bank.
Customer deposits rose 24 per cent to ₦1.12 trillion from ₦904 billion, while net risk assets and investments climbed 27 per cent to ₦849 billion from ₦671 billion — growth Musa attributed to the bank’s increased financing of productive sectors alongside what he described as prudent risk management.
Gross earnings rose 24 per cent year-on-year to ₦102.81 billion, from ₦82.87 billion in 2024.
Cost efficiency improves, capital buffers strengthen
The bank’s cost-to-income ratio improved to 58.09 per cent in 2025, from 60.42 per cent the previous year, a gain Musa linked to digital transformation, process optimisation and tighter cost discipline.
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Jaiz Bank’s capital adequacy ratio rose to 26.89 per cent from 23.87 per cent — a 12.6 per cent year-on-year increase — while its statutory liquidity ratio stood at 43.45 per cent, well above regulatory thresholds.
Rebranding, credit upgrade and global Islamic finance milestone
Beyond the financial scorecard, Musa pointed to a string of strategic milestones in 2025, including the bank’s corporate rebranding under the tagline “Jaiz Bank — With You for Life”, expanded digital banking capabilities, and increased customer acquisition across retail, SME, commercial and corporate segments.
The bank also expanded financing support to agriculture, SMEs, infrastructure and renewable energy and had its credit rating upgraded by GCR from BBB- to BBB. Separately, Jaiz Bank became the first African institution admitted as a primary dealer of the International Islamic Liquidity Management Corporation (IILM), a status Musa said strengthens the bank’s global Islamic finance credentials.
Outlook for 2026
Looking ahead, Musa said the bank would prioritise accelerating digital transformation, deepening retail and SME banking penetration, and expanding financial inclusion through ethical banking solutions. He added that Jaiz Bank would also press ahead with its ongoing capital-raising programme to strengthen its balance sheet further.
“We are confident that the foundations laid in 2025 will enable us to achieve even greater milestones in the years ahead,” Musa said, while thanking shareholders, customers, the Central Bank of Nigeria, the bank’s board and staff for their support during the year.
Sunday Michael Ogwu is a Nigerian journalist and editor of Pinnacle Daily. He is known for his work in business and economic reporting. He has held editorial roles in prominent Nigerian media outlets, where he has focused on economic policy, financial markets, and developmental issues affecting Nigeria and Africa more broadly.