Jaiz Bank plc, the first full-fledged
non-interest bank in Nigeria has increased its branch network to ten, with the
commissioning of its Katsina branch yesterday by the state governor, Alhaji
Ibrahim Shehu Shema, a statement from the bank said.
The bank commenced operations with three
branches in Abuja, Kaduna and Kano states on January 6, 2012, after it received
licence from the Central Bank of Nigeria on November 11, 2011, to operate as a
non-interest bank.
The bank now has branches in Gombe, Maiduguri,
Katsina, and two branches in Kano. The bank has also added two branches in
Abuja, the Federal Capital Territory. The branches are located at the National
Assembly and Wuse District.
Commissioning the bank yesterday, the governor
promised to identify and support the operations of the bank stated, and stated,
Katsina State Government is ready to partner with and support Jaiz bank and
other financial institutions that are ready to invest in the real sector of the
economy, to enable the state achieve greater economic prosperity
“Today, we extend our unique hospitality to
Jaiz Bank, as we say welcome to Katsina. There is no doubt that the people of
Katsina and many other parts of Nigeria have been agitating for a financial
service provider that operates based on rules of commerce and trade, in
accordance with Sharia Principles.”
The chairman, board of directors of Jaiz Bank,
Alhaji Umaru Mutallab thanked the governor and people of Katsina for their
hospitality and promised to help develop the real sector of the economy of the
state.
He said: “Our vision is to be the dominant
non-interest financial service provider in sub Saharan Africa. We intend to
achieve this by providing innovative, value-added, non-interest financial
services to our clientele by employing the best people, supported by
technology.”
He said there were plans to open additional
branches in Bauchi, Zamfara, Sokoto, Kebbi and Jigawa states and to open
additional branches at the Bayero University Kano, Federal Secretariat Abuja
and Zaria, before the end of year 2013.
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