Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text of the page image; matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Jaiz Bank
On this page
Company details
- Legal name
- Jaiz Bank Plc
- Listing
- JAIZBANK on the Nigerian Exchange, active · ISIN NGJAIZBANK05 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · annual report, signed / final · source
Read with these figures
- Auditor's emphasis of matter. Emphasis of Matter: 'We draw attention to the fact that the entity's issued share capital is lower than the authorized share capital as at 31 December 2025.
Full wording and sources
Auditor's emphasis of matter
Emphasis of Matter: 'We draw attention to the fact that the entity's issued share capital is lower than the authorized share capital as at 31 December 2025. The Bank is currently undergoing the process to enable it to comply with the combined provisions of Section 124 of the Companies and Allied Matters Act 2020 and Paragraph 13 of the Companies Regulation 2021 ... Refer to 18 (iii)'. 'Our opinion is not modified in respect of this matter.' (PDF p52)
Source: Jaiz Bank Plc - Annual Report & Account 2025 ('Non-Interest Finance for a Better Future — 2025 Annual Report') (dated 2026-05-15)
-
Total Income
NGN 74.6 billion
74,563,058 NGN thousands · p56
+20.7% vs 2024
-
Profit / (loss) for the year
NGN 30.2 billion
30,156,803 NGN thousands · p56
+28.4% vs 2024
-
Total assets
NGN 1.29 trillion
1,287,340,682 NGN thousands · p55
+19.1% vs 2024
-
Customer deposits
NGN 724 billion
724,052,808 NGN thousands · p55
+46.7% vs 2024
-
Total equity
NGN 98.5 billion
98,501,311 NGN thousands · p55
+37.8% vs 2024
Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — annual report, signed / final; reported for the year · source
- FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Gross Earnings1 | 102,812,858 | 82,874,821 |
| Income from financing contracts2 | 42,057,567 | 32,042,048 |
| Income from investment activities3 | 56,696,664 | 44,366,015 |
| Gross income from financing & Investment transactions4 | 98,754,231 | 76,408,063 |
| Impairment (charges) | (1,387,579) | 166,333 |
| Net Income after provisions5 | 97,366,652 | 76,574,396 |
| Return to equity investment accountholder6 | (26,862,221) | (21,285,829) |
| Bank's share as equity investor/ mudarib7 | 70,504,432 | 55,288,567 |
| Fees and commission revenue | 5,763,735 | 6,020,522 |
| Fees and commission expense | (2,481,791) | (547,490) |
| Net fees and commission revenue | 3,281,945 | 5,473,032 |
| Other operating income | 1,003,077 | 849,626 |
| Foreign exchange gain/ (loss) | (226,395) | 144,099 |
| Total Income8 | 74,563,058 | 61,755,324 |
| Staff costs | (18,187,035) | (13,759,018) |
| Depreciation and amortisation9 | (2,303,300) | (1,834,898) |
| Other operating expenses | (22,825,632) | (21,716,533) |
| Total expenses10 | (43,315,967) | (37,310,450) |
| Profit before tax | 31,247,090 | 24,444,875 |
| Income tax expense | (1,040,287) | (960,624) |
| Windfall Levy11 | (50,000) | –12 |
| Profit after Tax | 30,156,803 | 23,484,251 |
| Total comprehensive income for the period | 30,156,803 | 23,484,251 |
- Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
Notes and alternative reported figures (11)
- “Gross Earnings” is an issuer-specific line, not mapped to a shared definition: Gross earnings as printed (memorandum line at the head of the statement).
- “Income from financing contracts” is an issuer-specific line, not mapped to a shared definition: Note 24.
- “Income from investment activities” is an issuer-specific line, not mapped to a shared definition: Note 25.
- “Gross income from financing & Investment transactions” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
- “Net Income after provisions” is an issuer-specific line, not mapped to a shared definition: Printed subtotal after impairment.
- “Return to equity investment accountholder” is an issuer-specific line, not mapped to a shared definition: Profit distributed to investment account holders (note 28a).
- “Bank's share as equity investor/ mudarib” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: the bank's share of income as equity investor / mudarib.
- “Total Income”: mapping to a shared definition is uncertain. Printed 'Total Income': income after the return to investment account holders, before expenses.
- “Depreciation and amortisation” is an issuer-specific line, not mapped to a shared definition: Note 33 (printed positive within total expenses).
- “Total expenses” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of expenses (printed positive).
- “Windfall Levy” is an issuer-specific line, not mapped to a shared definition: Windfall levy (2024 printed '-').
Balance sheet
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Cash and balances with Central Bank of Nigeria | 214,539,910 | 238,764,980 |
| Due from banks and other financial institutions | 174,568,423 | 142,401,137 |
| Investment in Sukuk1 | 490,565,445 | 349,556,203 |
| Interbank Mudarabah Placement2 | 50,117,123 | 48,130,103 |
| Financing Assets(net)3 | 246,768,800 | 215,254,217 |
| Inventory Financing(net)4 | 61,780,790 | 58,340,129 |
| Other assets | 17,847,396 | 4,425,638 |
| Property and Equipment (net) | 27,674,625 | 20,165,312 |
| Leasehold improvement (net)5 | 57,830 | 108,756 |
| Intangible assets (net) | 615,191 | 673,262 |
| Deferred tax asset | 2,805,150 | 2,927,243 |
| Total assets | 1,287,340,682 | 1,080,746,982 |
| Customer current deposits6 | 724,052,808 | 493,599,402 |
| Customers' investment account7 | 394,277,738 | 411,188,555 |
| Other funding8 | 22,332,405 | 28,999,627 |
| Other liabilities | 47,028,212 | 73,900,759 |
| Tax payable | 1,148,207 | 1,592,872 |
| Total Liabilities | 1,188,839,371 | 1,009,281,215 |
| Share capital | 22,294,705 | 22,294,705 |
| Share premium | 6,372,565 | 6,372,565 |
| Retained earnings | 28,804,309 | 15,692,261 |
| Risk regulatory reserve | 11,975,872 | 8,607,256 |
| Statutory reserve9 | 24,804,326 | 15,757,285 |
| Other reserves10 | 4,249,534 | 2,741,694 |
| Total Equity | 98,501,311 | 71,465,766 |
| Total Liabilities and Equity | 1,287,340,682 | 1,080,746,982 |
Notes and alternative reported figures (10)
- “Investment in Sukuk”: mapping to a shared definition is uncertain. Sukuk investments (the cash-flow statement describes them as held at amortised cost).
- “Interbank Mudarabah Placement” is an issuer-specific line, not mapped to a shared definition: Interbank Mudarabah placements (note 6).
- “Financing Assets(net)”: mapping to a shared definition is uncertain. Islamic financing assets to customers, net of impairment; inventory financing is printed separately.
- “Inventory Financing(net)” is an issuer-specific line, not mapped to a shared definition: Islamic inventory (Murabaha-type) financing, net (note 8).
- “Leasehold improvement (net)” is an issuer-specific line, not mapped to a shared definition: Leasehold improvement, net (note 10).
- “Customer current deposits”: mapping to a shared definition is uncertain. Customer current deposits only; customers' investment accounts are printed separately.
- “Customers' investment account” is an issuer-specific line, not mapped to a shared definition: Unrestricted investment accounts of customers (note 15).
- “Other funding” is an issuer-specific line, not mapped to a shared definition: Other funding (note 16).
- “Statutory reserve” is an issuer-specific line, not mapped to a shared definition: Statutory reserve (note 22).
- “Other reserves” is an issuer-specific line, not mapped to a shared definition: Other reserves (note 23).
Cash flow
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Net cash flows before changes in working capital1 | 38,473,291 | 36,105,641 |
| Cash from/(used) in operations | 154,859,073 | 428,738,403 |
| Tax paid | (1,412,858) | (457,341) |
| Net cash provided by operating activities | 153,446,215 | 428,281,062 |
| Purchase of Sukuk Investment held at amortised cost2 | (1,535,760,555) | (204,098,056) |
| Redemption/Disposal of Sukuk Investment3 | 1,407,672,256 | 14,646,886 |
| Investment Mudarabah Placement4 | (1,987,020) | (43,119,315) |
| Purchase of property, plant & equipment | (9,998,387) | (9,867,876) |
| Proceed from disposal of property, plant & equipment | 52,464 | –5 |
| Improvement on leasehold properties6 | –5 | (72,964) |
| Purchase of intangible assets | (50,920) | (195,122) |
| Net cash provided by/(used in) Investing activities | (140,072,162) | (250,954,157) |
| Issue of Ordinary share & Share premium7 | –8 | 10,048,238 |
| Dividends paid to owners | (3,121,259) | (1,381,647) |
| Net cash provided by financing activities | (3,121,259) | 8,666,591 |
| Increase/(decrease) In cash and cash equivalents | 10,252,793 | 185,993,497 |
| Effect of Exchange rate changes on cash and cash equivalent | (2,310,577) | (9,245,312) |
| Cash and cash equivalents at beginning of year | 381,166,117 | 204,417,932 |
| Cash and cash equivalents At 31st December | 389,108,333 | 381,166,117 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (6)
- “Net cash flows before changes in working capital” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of the operating section.
- “Purchase of Sukuk Investment held at amortised cost” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Redemption/Disposal of Sukuk Investment” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Investment Mudarabah Placement” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Improvement on leasehold properties” is an issuer-specific line, not mapped to a shared definition: Investing activities (2025 printed '-').
- “Issue of Ordinary share & Share premium” is an issuer-specific line, not mapped to a shared definition: Financing activities (2025 printed '-').
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividends paid to owners |
(3,121,259) | NGN thousands | Annual report, p58 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividends paid to owners |
(1,381,647) | NGN thousands | Annual report, p58 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Jaiz Bank Plc - Annual Report & Account 2025 ('Non-Interest Finance for a Better Future — 2025 Annual Report')
Year ended 31 December 2025 · Annual report · signed / final
Audit: Deloitte & Touche (Chartered Accountants), Lagos, unmodified opinion · signed
Auditor's sign-off: Bolaji Saidi (Engagement Partner), for Deloitte & Touche
Final status: Independent auditor's report to the shareholders of Jaiz Bank Plc (PDF pp50-54; opinion p50), unmodified with an emphasis of matter, signed by hand above 'Deloitte & Touche (FRC/2022/COY/091021), Chartered Accountants, Lagos, Nigeria, 15 May 2026, Engagement Partner: Bolaji Saidi, FRC/2021/PRO/00000024025', with the ICAN seal (p54, page image). The statement of financial position was 'Signed on behalf of the Board of Directors on , 11th March, 2026' with handwritten signatures of Alhaji Mohammed Mustapha Bintube (Chairman), Haruna Musa Ph.D (Managing Director/CEO) and Oseni K. Bello (Chief Financial Officer) (p55, page image).
- Document date
- 15 May 2026
- Auditor's report
- 15 May 2026
- Board approval
- 11 Mar 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- company statements · NGN thousands (printed “N'000”)
- 2024 investing activities: the printed lines (204,098,056), 14,646,886, (43,119,315), (9,867,876), -, (72,964), (195,122) sum to (242,706,447), but 'Net cash provided by/(used in) Investing activities' is printed (250,954,157), 8,247,710 more negative (p58, page image). The printed total agrees with the net change in cash. Kept as printed. Because the 2024 subtotal does not add up, the 2024 dash on 'Proceed from disposal of property, plant & equipment' cannot be confirmed as nil by arithmetic (check nil.proceeds_disposal_ppe fails for the same reason).
- Hidden text-layer order: the text layer of pp55, 56 and 58 holds the printed figures but detached from their labels and partly reordered (e.g. p56 text reads 'Profit after Tax 23,484,251 30,156,803', the reverse of the printed 2025 30,156,803 / 2024 23,484,251; p55 carries an extra unprinted 'Other reserve' label). No hidden figure differing from the printed page was found; the statements are read from OCR of the renders.
- The board approval date printed on the statement of financial position (11 March 2026) precedes the auditor's report date (15 May 2026). Key audit matter: impairment of Islamic financing assets (ECL).
- Earnings per share is printed in kobo ('67.63 kobo'; 2024 '66.38 kobo', basic and diluted, p56); stored in naira with the printed figure and unit kept.
Technical details
- File
- 136 pages, with a text layer
- SHA-256
663257635db71214482cd53e1d6f36a4269ece739ea5e7e1090953643e2c7ab8- Entity as printed
- Jaiz Bank Plc
- Exchange copy
- retrieved 2026-10-08T18:02:39Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text of the page image; matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
Download
Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.