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Jaiz Bank

Jaiz Bank Predicts Net Operating Income of N4.68bn in Q4
 
By: Morolake Kolade
Mon, 4 Oct 2021   ||   Nigeria,
 

A projected net operating income of N4.68bn in the fourth quarter of the year 2021 has been predicted by Jaiz Bank Plc.
In an earnings forecast document signed by its Executive Director of Services and Chief Financial Officer, Abdulfattah Amoo, the bank saw its gross earnings amounting to N7.15bn.
Profit before tax was expected to hit N1.15bn while profit after tax expenses was projected at N1.03bn. 
The bank forecasts total cash from its operating activities to be N2.17bn while it saw a net cash deficit from operations of N2.28bn. 
Investing activities was expected to gulp N4.57bn while financing activities would raise N8.13bn.
Jaiz Bank has however stated that its net revenue from funds would reach N5.07bn by the end of December 2021.
 

 

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