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Financing Contracts’ Double-Digit Growth Helps Jaiz Bank Survive 353% Surge In Expenses

March 13, 2026
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Financing Contracts' Double-Digit Growth Helps Jaiz Bank Survive 353% Surge In Expenses

Jaiz Bank recorded over N102.07 billion gross earnings in 2025, up by 23.16 percent compared to the N82.87 billion generated in 2024, according to the company’s unaudited financial statements for 2025.

In the financial statement, the company announced a N45,91 billion income from financing contracts last year, exceeding the N32.04 billion posted in 2024, representing a 43.30 percent growth.

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Jaiz Bank saw income from investment activities increase by 17.22 percent to N52 billion between the first quarter (Q1) and fourth quarter (Q4) of 2025, rising above the N44.36 billion achieved in the same period in 2024.

Consequently, gross income from financing and investment transactions increased to N97.92 billion last year, exceeding the N76.40 billion notched up in 2024, indicating an increase of 28.16 percent.

However, another source of income declined, as fees and commission revenue decreased by 4.26 percent year-on-year, from N6,02 billion to N5.76 billion, while fees and commission expense grew by 353.30 percent, from N547.49 million to N2.48 billion.

In addition, the company’s net and commission plunged to N3.28 billion in 2025, below the N5.47 billion reported the previous year, reflecting a 40.03 percent decrease.

Additionally, Jaiz Bank reported N1.09 billion as other operating income between January and December last year, which increased by 28.84 percent from the N849.62 million recorded in 2024.

The financial institution also incurred an unrealised exchange loss of N226.39 million in 2025, compared to the N144.09 million unrealised exchange gain recorded in 2024.

Jaiz Bank’s total income increased by 21.06 percent year-on-year, from N61,75 billion to N74.76 billion, while total expenses surged by 16.23 percent, from N37.31 billion to N43.36 billion.

Also, the financial institution achieved N31.39 billion profit before tax (PBT) last year, rising above the N24.44 billion pretax profit recorded in 2024, indicating a 28.42 percent increase.

Despite the double-digit growth in PBT, Jaiz Bank saw a 63.39 percent decline in its income tax expense, which dropped from N960.62 billion in 2024 to N351.61 million the year after.

This supported the company’s bottom line, as profit after tax (PAT) rose to N31.04 billion in 2025, from N23.48 billion in 2024, representing a 32.18 percent growth.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: editor@primebusiness.africa and publisher@primebusiness.africa

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