IslamicFinance.de

Shareholders of Jaiz Bank Plc yesterday approved the bank's bid to get a national operating licence in order to establish its presence across the country. It also emerged that the bank has grown its assets base to N34 billion as at the end of its 2013 financial year. This represented an increase of 141 per cent compared to the N14 billion recorded in 2012. The bank hopes to acquire the National Operating License before the end of the third quarter, to enable it operate in all the 36 states of the federation. Chairman of the bank, Alhaji Umaru Abdul Mutallab, said that in no distant future, the company would be listed on the Nigerian Stock Exchange.