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Jaiz Bank forecasts N4.68bn net operating income in Q4

Jaiz Bank Plc has projected a net operating income of N4.68bn in the fourth quarter of the year 2021.

An earnings forecast document signed by its Executive Director of services and Chief Financial Officer, Abdulfattah Amoo, showed that the bank saw its gross earnings amounting to N7.15bn.

Jaiz Bank stated that its net revenue from funds would reach N5.07bn by the end of December 2021.

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.

The bank also projected a cash and bank balance of N52.32bn at the end of the period.

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