Jaiz Bank Plc, Nigeria's pioneer non-interest bank, has achieved significant growth in its financial performance for the nine months ended September 30, 2026. The bank's total assets stood at ₦1.69 trillion, reflecting a 31.6% increase from ₦1.29 trillion recorded at the end of December 2025. This growth demonstrates the bank's continued balance-sheet expansion and sustained growth in its banking operations. The bank's customer deposits, comprising current deposits and unrestricted investment accounts, reached approximately ₦1.52 trillion.
The bank's unaudited financial statements for the nine months ended September 30, 2026, reveal impressive growth in various financial metrics. Gross earnings for the period stood at ₦88.16 billion, representing an increase of approximately 16.1% from ₦75.90 billion recorded in the corresponding period of 2025. This growth is attributed to contributions from its financing contracts, investment activities, and other income streams. The bank's financial performance highlights its capacity to attract and manage customer funds.
Jaiz Bank's profitability remained positive for the nine-month period. Profit before tax rose to ₦23.69 billion, compared with ₦23.29 billion in the corresponding period of 2025. Profit after tax also increased to ₦23.28 billion from ₦22.88 billion, representing year-on-year growth of approximately 1.8%. This growth in profitability underscores the bank's ability to maintain a stable financial position.
The bank's income from financing contracts and investment activities significantly contributed to its overall earnings performance. Income from financing contracts increased to ₦45.87 billion from ₦31.14 billion in the corresponding period of 2025. Income from investment activities stood at ₦38.14 billion. These results highlight the bank's diversified revenue streams and its ability to generate earnings from various financial activities.
Jaiz Bank's financial position was further supported by growth in its financing and inventory financing portfolios. Net financing assets increased to ₦305.25 billion as at September 30, 2026, compared with ₦246.77 billion at the end of December 2025. Net inventory financing also rose to ₦92.45 billion from ₦61.78 billion over the same period. This growth in financing and inventory financing portfolios demonstrates the bank's expanding financial activities.
The bank's growth in assets and deposits reflects its sustained efforts to expand its banking operations and improve its financial performance. The bank's ability to attract and manage customer funds has been a key factor in its growth. Jaiz Bank's financial performance for the nine months ended September 30, 2026, highlights its position as a leading non-interest bank in Nigeria.
Jaiz Bank's financial results for the nine months ended September 30, 2026, demonstrate its resilience and growth in the Nigerian banking industry. The bank's growth in assets, deposits, and earnings reflects its commitment to providing innovative financial solutions to its customers. The bank's financial performance is a testament to its ability to navigate the complexities of the banking industry and maintain a stable financial position.
Key points
- Jaiz Bank's total assets grew by 31.6% to ₦1.69 trillion as at September 30, 2026.
- Customer deposits stood at approximately ₦1.52 trillion as at September 30, 2026.
- Gross earnings increased by 16.1% to ₦88.16 billion for the nine-month period ended September 30, 2026.
