Abuja: Jaiz Bank Plc has announced its plans to focus on the expansion of retail and Small and Medium Enterprises (SMEs) banking to drive growth for the 2026 financial year. Dr. Haruna Musa, the Chief Executive Officer of Jaiz Bank, revealed these plans during a briefing with newsmen at the bank’s 14th virtual Annual General Meeting (AGM) held in Abuja.
According to News Agency of Nigeria, Dr. Musa emphasized the bank’s commitment to deepening financial inclusion through ethical banking solutions and increasing shareholders’ value via sustainable growth and profitability. Reviewing the bank’s performance in the 2025 financial year, he noted a decline in the cost-to-income ratio from 60.42 percent in 2024 to 58.09 percent in 2025, attributing this improvement to the bank’s focus on digital transformation, process optimization, disciplined cost management, and enhanced productivity.
Dr. Musa expressed confidence that the cost-to-income ratio would continue to decrease, thanks to the implementation of stringent cost-cutting measures by the management. He also highlighted plans to open 10 additional branches by December to enhance the bank’s reach and service delivery.
The bank reported a robust balance sheet growth in 2025, with total assets rising by 19 percent from N1.08 trillion in 2024 to N1.29 trillion in 2025. Customers’ deposits increased by 24 percent from N904 billion to N1.12 trillion, indicating growing customer trust in the bank’s brand, products, and services.
Dr. Musa further detailed that the bank’s net risk assets and investments surged by 27 percent from N671 billion to N849 billion, showcasing the bank’s dedication to financing productive sectors of the economy while maintaining prudent risk management. The bank’s gross earnings for the 2025 financial year rose by 24 percent to N102.81 billion, compared to N82.87 billion in 2024.
The CEO highlighted that Profit Before Tax (PBT) grew by 28 percent, reaching N31.24 billion, up from N24.44 billion in 2024. This performance was attributed to 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,” Dr. Musa stated.
Additionally, the bank’s Capital Adequacy Ratio significantly improved from 23.87 percent to 26.89 percent, representing a 12.6 percent year-on-year increase. This strong capital position equips the bank with the capacity to support future growth, absorb potential shocks, and take advantage of emerging opportunities in the financial services sector. The Statutory Liquidity Ratio stands at 43.45 percent, substantially above regulatory requirements, reflecting the bank’s effective deployment of funds into productive financing and investment opportunities.
Dr. Musa concluded that Jaiz Bank would continue to develop a stronger, more innovative, and inclusive institution, delivering sustainable value to all stakeholders while advancing ethical finance within the country and beyond.