The Bank hereby notify the Nigeria Stock Exchange (The Exchange) and the investing public the proposed earning the Second quarter (Q3) 2023 as stated below.
Q3
JAIZ BANK PLC
JULY 2023 - SEPT 2023
GROSS EARNINGS
12,003,749,998.17
INTEREST(FINANCING) INCOME
11,589,062,014.17
INTEREST (FINANCING) EXPENSES
(2,321,323,454.64)
NET REVENUE FROM FUNDS
9,267,738,559.52
CREDIT IMPAIRMENT CHARGES
(1,000,000,000.00)
EXCEPTIONAL ITEMS
-
OTHER INCOME
414,687,984.00
NET OPERATING INCOMES
8,682,426,543.53
OPERATING EXPENSES
6,278,398,920.03
PROFIT/LOSS BEFORE TAX
2,404,027,623.49
FORECAST TAXATION
(240,402,762.35)
PROFIT/LOSS AFTER TAX
2,163,624,861.14
CASH FROM OPERATING ACTIVITIES
3,863,342,133.53
OPERATING CASHFLOW BEFORE WORKING CAPITAL CHARGES
3,863,342,133.53
NET CASH GENERATED FROM OPERATING ACTIVITIES
(3,559,476,659.66)
CASHFLOW FROM INVESTING ACTIVITIES
(3,893,074,854.79)
CASHFLOW FROM FINANCING ACTIVITIES
23,393,288,690.81
NET DECREASE IN NET CASH & CASH EQUIVALENT
15,940,737,176.36
CASH/BANK BALANCE AT THE BEGINNING OF THE PERIOD
117,881,948,013.30
CASH / BANK BALANCE AT THE END OF THE PERIOD
133,822,685,189.66
Thank you.
For: Jaiz Bank PLC
Ahmed A. Hassan
Chief Financial Officer
BOARD OF DIRECTORS
Alh. (Dr.) Musbahu Muhammad Bashir - Ag. Chairman, Sirajo Salisu Ph.D - MD/CEO, AbdulFattah O. Amoo, FCA - Executive Director, Ahmed A. Hassan, FCA - Executive Director, Alhassan Abdulkarim - Executive Director, Alh. (Dr.) Muhammadu Indimi, OFR, Alh. (Dr.) Aminu Al-Hassan Dantata, CON, Alh. Mukhtar S. Hanga, HRH (Engr.) Bello Mohammed Sani, OON, Alh. (Dr.) Umaru Kwairanga, Alhaji Ibrahim Mamun Maude, Mr. Seedy Njie, FCCA (Gambian), Aisha Waziri Umar, Dr. Abdullateef Bello.
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Jaiz Bank plc published this content on 13 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2023 15:11:04 UTC.
Jaiz Bank Plc is an Islamic bank organized around 2 areas of activity:
- investment banking;
- retail banking: sales of conventional and specialized banking products and services (leasing, life insurance, retirement savings management, real estate loans, etc.).
At the end of 2021, products and services are marketed through a network of 43 branches in Nigeria.
JAIZ BANK PLC 
