Jaiz Bank PLC has released its forecast for the fourth quarter this year, projecting gross earnings of N5.408 billion for the period.
The bank also planned to increase its interest financing income, interest financing expenses to N4.941 billion and N1.394 billion respectively.
The bank projected that its net revenue from fund will stand at N3.546 billion while credit impairment charges on exceptional items expected to be at N164.017 million.
The bank’s forecast report submitted at the Nigerian Stock Exchange, signed by Chief Financial officer, Abdulfattah Amoo, however, said that profit before tax will be at N705.367 million while profit after tax projected at N634.830 million after payment of tax of N70.536 million.
Net operating income and net operating expenses programmed to grow to N3.850 billion and N3.144 billion within the period while cash flow operating activities growth target stand at N1.240 billion.
Cash flow investing activities to move to N12.242 billion while cash flow from financing actives forecasted to N16.649 billion.
