JAIZ BANK : AUDITED FINANCIAL STATEMENT FOR 2021

www.jaizbankplc.com

Contents

Directors, Officers & Professional Advisors

Governance

Financial Statements

Other National Disclosures

Alh. (Dr.) Umar Abdul Mutallab, FCA, CON	-	Chairman
Alh. (Dr.) Aminu Alhassan Dantata, CON	-	Non-Executive Director
Alh. (Dr.) Musbahu Muhammad Bashir	-	Non-Executive Director
Alh. Mukhtar Danladi Hanga Sani	-	Non-Executive Director
H.R.H. Engr. Bello Muhammad Sani, OON	-	Non-Executive Director
Mallam Falalu Bello, FCIB, OFR	-	Non-Executive Director
Mr. Mohammed Seedy Njie	-	Non-Executive Director
Alh. (Dr.) Umaru Kwairanga, F.IoD, FCS, FCIP	-	Non-Executive Director
Alh. (Dr.) Muhammadu Indimi, OFR	-	Non-Executive Director
Alh. Mamun Ibrahim Maude	-	Non-Executive Director
Mrs. Aisha Waziri Umar	-	Independent Director
Dr. Abdullateef Bello	-	Independent Director
Mallam Hassan Usman, FCA, FCIB	-	Managing Director
Mr. AbdulFattah Olanrewaju Amoo, FCA	-	Executive Director Business Development, South
Dr. Sirajo Salisu	-	Executive Director, Business Development, North
Mallam Ahmed Alhaji Hassan FCA	-Executive Director, Services/CFO
COMPANY SECRETARY	REGISTERED OFFICE:
Mohammed Shehu	Jaiz Bank Plc.
FRC/2017/NBA/00000016416	Kano House, No 73 Ralph Shodeinde Street,
No 73 Ralph Shodeinde Street,	Central Business District, Abuja.
Central Business District, Abuja.
REGISTRAR AND TRANSFER OFFICE:	INDEPENDENT AUDITOR
Africa Prudential Plc.	Ahmed Zakari & Co.
(Formerly UBA Registrars Plc.)	22B Oladipo Diya Crescent,
220B Ikorodu Road, Lagos.	2nd Avenue, Dolphin Estate, Ikoyi, Lagos.
TAX ADVISORS
Oladele Konsulting
(Chartered Tax Practitioner & Mgt Consultants)

Suite C11 Othini Plaza, Plot 1528, Nouakchott Street Wuse Zone 1, Abuja.

01

Financial Highlights

Total Assets (Nm)

Return on Assets (%)

279,275

1.71%

• 2021279,290

• 2020233,596

20211.71% 20201.31%

Deposits (Nm)

Return on Equity (%)

209,089

20.78%

• 2021209,089

• 2020175,513

202120.78 202017.18

Cost to Income (%)

Earnings Per Share (kobo)

74.40%

2021 2020

74.40%76.04%

13.8k

202113.8k 20209.85k

Profit Before Tax (PBT) (Nm)

Proposed Dividend (kobo)

4,373

2021 2020

4,3953,066

4kobo

20214k 20203k

02

Financial Highlights

Statement of Financial Position	31-Dec-2021	31-Dec-2020	Changes
N'Million	N'Million	(%)
Total Assets	279,275	233,596	20%
Financing & Investment Assets	197,529	165,995	19%
Deposits	209,089	175,513	19%
Share Capital	17,271	14,732	19%
Total Equity	24,305	17,845	36%
Income Statement	31-Dec-2021	31-Dec-2020	Changes
N'Million	N'Million	(%)
Gross Earnings	25,843	19,614	32%
Profit Before Taxation (PBT)	4,373	3,066	43%
Taxation	( 73)	(163)	55%
Profit After Taxation (PAT)	4,300	2,903	48%
Ratios	31-Dec-2021	31-Dec-2020	Changes
Cost to Income	74.40%	76.04%	2%
Return on Assets	1.71%	1.31%	30%
Return on Equity	20.78%	17.18%	21%
Capital Adequacy	22.91%	20.02%	14%
Liquidity	28.82%	43.06%	33%
Others	31-Dec-2021	31-Dec-2020	Changes
Number	Number	(%)
Earning Per Share	13.8 kobo	9.85 kobo	19%
Proposed Dividend	4kobo	3kobo	25%
Number of Branches/Offices	43	40	5%
Number of Staff	735	610	21%
Number of Shares in Issue (Million)	34,541	29,464	17%
03