Jaiz Bank Rises Amidst Huge Off-Market Trade Volume
Jaiz Bank Plc.’s’ market value climbed slightly, reflecting improved investors’ confidence after selloffs experienced by the Islamic lender. The Islamic banking stocks saw a strong block trade on its shares last week, helping to stem negative price movements.
Data from the Nigerian Exchange, NGX showed that the non-interest lender’s share price climbed by 123 basis points in the last five trading sessions to close at N3.29 on Friday.
The Islamic banking stock price rose on Friday on the back of about 18.4 million shares valued at N58.196 million that exchanged hands in the local bourse.
JAIZBANK opened the equities market with investors hunting for the Islamic banking stocks, recorded the highest volume of 197.42 million on Monday, off which 170 million unit were block trade priced at discounted price of N3.05 as against opening price of N3.25.
The huge off market transactions reduced the bank share price volatility. With strong expectations, Jaiz Bank Plc is poised for a strong financial performance in the second quarter of 2025, with projected gross earnings reaching N28.39 billion.
A significant portion of this revenue is expected to come from financing and investment income, which is estimated at N25.62 billion, a review of the bank’s financial forecast revealed.
Jaiz Bank plans to pay N7.20 billion to investment account holders, ensuring compliance with its Islamic banking principles. After accounting for these payouts, the net revenue from funds is forecasted to stand at N18.41 billion.
Managing costs effectively remains a priority, with operating expenses projected at N11.85 billion, accounting for huge chunk of its earnings amidst inflationary environment.
Despite these expenditures, the bank anticipates a profit before tax of N8.97 billion, and after deductions for taxes, the net profit for the quarter is expected to be N8.08 billion.
On liquidity, Jaiz Bank is expected to maintain a strong cash position, with its cash and bank balance at the end of Q2 2025 projected at N487.76 billion.
Analysts said this robust financial outlook underscores the bank’s continued growth and resilience in the non-interest banking sector.
The Board of Directors approved the bank’s 2024 Audited Financial Statements on March 8, 2025. The report is expected to be publicly released by the end of March 2025. #Jaiz Bank Rises Amidst Huge Off-Market Trade Volume#
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