The pioneer Non-Interest Bank in Nigeria, Jaiz Bank Plc, clocked 10 years yesterday, having commenced operations on January 6, 2012, with three branches in Abuja, Kaduna and Kano.
Despite paying the huge costs associated with pioneering, the Bank was able to break even within the first three years of operation, which was unprecedented at the time. From a modest Balance Sheet size of N12 billion in 2012, the Bank closed 2020 financial year at N278 billion (Total Assets & Contingents) and grew all other key performance indices exponentially over the…
Connect with us on our socials: