Jaiz Bank Targets N8bn Profit for Q2 Operations
Jaiz Bank Plc has forecasted N8.078 billion as profit after for the second quarter of 2025, the Islamic lender said in a regulatory filing on Monday. The non-interest bank expected gross earnings to reach N28.392 billion in the same period, driven by financing and investment income.
Financing and investment income from contract is expected to settle at N25.618 billion between April and June, 2025, Jaiz Bank Plc told the Nigerian Exchange in the earning forecast submitted.
The bank also expects about N368 million as impairment charge on credit losses, estimated net operating income to settle at N20.822 billion in the period. The Islamic bank forecasted about N488 billion as cash balance at the end of second quarter of financial year 2025. #Jaiz Bank Targets N8bn Profit for Q2 Operations#
