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Jaiz Bank targets N28.3bn earnings for Q2 Operations

Jaiz Bank Plc has forecasted N8.078 billion as profit for the second quarter of 2025 just as it projected gross earnings of 28,392,634,069.65.

The Islamic financial institution in a filing to the Nigerian Exchange yesterday hinged the projection on financing and investment income.

Financing and investment income from the 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.

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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.

 

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