Jaiz Bank Plc says it is targeting the expansion of retail and small and medium enterprise (SMEs) banking penetration for growth in the 2026 financial year.
Dr Haruna Musa, the Chief Executive Officer of Jaiz Bank, said this while briefing newsmen at the bank’s 14th virtual Annual General Meeting (AGM) in Abuja on Wednesday.
Musa said the bank would also deepen financial inclusion through ethical banking solutions and also increase shareholders’ value through sustainable growth and profitability.
Highlighting the bank’s performance in the 2025 financial year, he said the bank’s cost-to-income ratio declined from 60.42 per cent in 2024 to 58.09 per cent in 2025.
Musa said the development reflected the bank’s focus on digital transformation, process optimisation, disciplined cost management, and improved productivity.
The CEO expressed optimism that the cost to income ratio of the bank would keep dropping as the management had introduced stringent cost cutting initiatives.
According to him, the bank is poised to opening 10 more branches by December to expand its reach and service delivery.
He said the bank recorded strong balance sheet growth in 2025 with total assets increasing by 19 per cent from N1.08 trillion in 2024 to N1.29 trillion in 2025.
Musa said that customers’ deposits grew by 24 per cent from N904 billion to N1.12 trillion, reflecting growing customer confidence in the brand, products, and service delivery of the bank.
The CEO said the bank’s net risk assets and investments rose by 27 per cent from N671 billion to N849 billion, demonstrating it’s commitment to financing productive sectors of the economy while maintaining prudent risk management.
He said the gross earnings of the bank in 2025 financial year increased by 24 per cent to N102.81 billion, compared to N82.87 billion in 2024.
Musa said the bank’s Profit Before Tax (PBT) grew by 28 per cent, reaching N31.24 billion, up from N24.44 billion in the previous year (2024).
This performance, he said, was driven by growth in financing activities, investment income, and increased customer transactions.
”The results underscore our ability to generate sustainable earnings while remaining faithful to our principles of ethical and value-based banking.
”The Bank’s Capital Adequacy Ratio improved significantly from 23.87 per cent to 26.89 per cent, representing a 12.6 per cent increase year-on-year.
”This strong capital position provides adequate capacity to support future growth, absorb potential shocks, and positions the bank to take advantage of emerging opportunities in the financial services sector.
”Statutory Liquidity Ratio stands at 43.45 per cent, which remains substantially above regulatory requirements and reflects the bank’s effective deployment of funds into productive financing and investment opportunities,” he said.
The CEO said that the bank would continue to build a stronger, more innovative, and more inclusive institution that would deliver sustainable value to all stakeholders while advancing ethical finance in the country and beyond.
