Jaiz Bank has successfully raised N10.04bn through its private placement and listed the funds on the Nigerian Exchange Group, having secured approvals from the Central Bank of Nigeria, Securities and Exchange Commission and NGX.
This milestone positions Jaiz Bank among the few Nigerian banks that have already met the CBN’s revised capital requirements ahead of the June 2026 deadline.
The bank’s financial standing remains robust, with total assets reaching ₦1.06 trillion and shareholders’ funds now at ₦47.9 billion.
Speaking on the achievement, the Chief Executive Officer, Haruna Musa, highlighted the bank’s dedication to ethical banking and innovative finance.
“This achievement underscores the commitment of the board and management to adding value to our customers by providing bespoke ethical finance solutions.
“Jaiz Bank is well-positioned to compete effectively on all fronts, fulfilling customer needs through ethical and innovative financing.
“We have shown resilient and accomplished outstanding growth across both financial and non-financial indicators in spite of a difficult operating climate. This puts us squarely on course to emerge as Africa’s preeminent ethical bank.
“Looking ahead, we will continue strengthening relationships with our loyal customers while attracting new ones. Through our digital platforms, innovative products, and services, we aim to support individuals, businesses, and communities alike.
“Our journey to lead the future of ethical finance in Africa remains unwavering, as we stay committed to excellence and delivering long-term value to all stakeholders,” Musa added, outlining the bank’s forward-thinking plan.
The bank’s performance metrics underscore its growth and operational efficiency, with a Return on Equity (ROE) of 60.74% and a Return on Assets (ROA) of 2.18%.
This accomplishment solidifies Jaiz Bank’s leadership in ethical banking, reaffirming its commitment to delivering innovative financial solutions and driving sustainable long-term growth for all stakeholders.
