Jaiz bank records N1.52trn deposits, N1.69trn assets in Q3 2026,

By Mariam Abeeb

Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has recorded total assets of N1.69 trillion and customer deposits of approximately N1.52 trillion as at 30 September 2026, reflecting continued balance-sheet expansion and sustained growth in its banking operations.

The Bank’s unaudited financial statements for the nine months ended 30 September 2026 show that total assets grew by approximately 31.6% from N1.29 trillion recorded at the end of December 2025 to N1.69 trillion. Customer deposits, comprising current deposits and unrestricted investment accounts, stood at approximately N1.52 trillion, underscoring the Bank’s capacity to attract and manage customer funds.

Jaiz Bank also recorded gross earnings of N88.16 billion for the nine-month period, representing an increase of approximately 16.1% from N75.90 billion recorded in the corresponding period of 2025. The performance reflects contributions from its financing contracts, investment activities and other income streams.

Profitability remained positive, with profit before tax rising to N23.69 billion, compared with N23.29 billion in the corresponding period of 2025. Profit after tax also increased to N23.28 billion from N22.88 billion, representing year-on-year growth of approximately 1.8%.

Income from financing contracts increased to N45.87 billion from N31.14 billion in the corresponding period of 2025, while income from investment activities stood at N38.14 billion. These results highlight the contribution of the Bank’s financing and investment activities to its overall earnings performance.

The Bank’s financial position was further supported by growth in its financing and inventory financing portfolios. Net financing assets increased to N305.25 billion as at 30 September 2026, compared with N246.77 billion at the end of December 2025, while net inventory financing rose to N92.45 billion from N61.78 billion over the same period.

As the Bank advances its strategic priorities, its growing balance sheet and sustained profitability provide a platform for deepening customer relationships, expanding access to non-interest financial services and supporting businesses across key sectors of the Nigerian economy.