Jaiz Bank customers deposit hits N60billion

Raised from zero digit in 2012, Jaiz Bank Plc continued to sustain its fare share in the market with money deposits now put at N60billion as at June this year.

Managing Director of the bank, Alhaji Hussain Usman, who disclosed this at a media briefing yesterday in Kano, further revealed that its capital base has equally witnessed significant improvement from N5billion to N15billion in less than five years.

According to Hussain: “We started in 2012 with three branches located in Kano, Kaduna and Abuja under a regional licence, today, glory be to Almighty God, Jaiz Bank now operates 30 branches across five geopolitical zones of the country.

“Of cause, the Central Bank of Nigeria (CBN) gave us nationwide operation licence, which gave us the wider opportunity to cover the country.

“ Presently, we have our presence in Lagos, Ibadan, Ilorin, Lokoja and Port Harcourt. Before the end of this year, we hope to open Jos, Nasarawa, Niger and additional branches in Lagos.

“As we grow, 25,000 customers base with 70 per cent active, our projection is to invest adequately on technology, so that we would be able to strength alternative means of rendering service to our teeming existing and potential customers,” Hussain noted.

Beyond deposits and other transactions, the he said the bank was investing in the real sector to enhance the country’s economic growth.

Starting operations with regional licence in 2012, the Islamic bank operates with over N40billion worth of assets in real and private sectors.