Prime Business AfricaJaiz Bank ended the second quarter (Q2) of 2025 with N23.49 billion gross earnings, compared to the N18.72 billion reported in the corresponding period in 2024, indicating an increase of 25.45 percent.
The financial institution announced the increase in its unaudited financial statements for the period ended June 30, 2025.
Join our WhatsApp ChannelIn the earnings report, Jaiz Bank disclosed that total expenses increased by 21.70 percent from N9.60 billion in the second quarter of 2024 to N7.89 billion in the same period in 2025.
Also, income from financing contracts grew in double figures to N9,93 billion in Q2 2025, above the N7,42 billion posted in Q2 2024, representing a 33.85 percent growth.
The financial institution also reported that income from investment activities grew to N13.40 billion during the period under review, up by 29.69 percent, compared to the N10.33 billion disclosed in Q2 last year.
Similarly, Jaiz Bank saw a 31.43 percent year-on-year growth in gross income from financing and investment transactions, which increased from N17.75 billion to N23.34 billion.
Likewise, the company’s net income after provisions was N22.99 billion between April and June 2025, against the N17,28 billion filed in the corresponding period in 2024.
However, Jaiz Bank reported a decline in fees and commission revenue, as it dropped from N1,42 billion in Q2 2024 to N901.67 million in Q2 2025, reflecting a decrease of 36.55 percent.
But fees and commission expenses increased to N438.70 million in the second quarter of this year, surpassing the N122,8 million recorded in Q2 2024, representing a 257.02 percent growth.
Consequently, Jaiz Bank’s net fees and commission revenue fell by 64.34 percent to N462.96 million during the period under review, falling below the N1.29 billion posted in the second quarter of last year.
However, the bank’s bottom line was not impacted, as profit before tax (PBT) grew by 38.94 percent in Q2 2025, outstripping the N5.55 billion notched up in the same period in 2024.
Also, the bank reported N92,56 million as income tax in Q2 2025, compared to the N66,61 million tax filed for the period between April and June 2024, representing an increase of 38.94 percent.
After accounting for taxes, Jaiz Bank closed the period under review with N7.62 billion in profit after tax (PAT), exceeding the N5.48 billion PAT recorded in the second quarter of last year, reflecting a 38.94 percent growth.
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