How To Sign Maryland Banking Job Offer

How to industry sign banking maryland job offer

to our focus of the day the outbreak of covet 19 has come with economic and health crisis in most countries the outlook for nigeria's header through fragile economy has worsened due to this pandemic the nigerian banking industry has had its fair share of the macroeconomic headwinds which has resulted in declining margins and significant write-offs of impaired uh loans while on the path to recovery the banking industry is now faced with the coronavirus pandemic which comes with greater uncertainties and unpredictability of events in the business environment many reports have revealed that banks are significantly exposed to several sectors which includes oil and gas manufacturing real estate public sector construction and general commerce my many analysts suggest that the coronavirus pandemic will weaken the assets quality of the nigerian banks in view of the impact on state governments finances purchasing power of households and the performance of businesses also the sectoral allocation of loan portfolios will determine the extent to which the asset quality will deteriorate subsequently economic analysts have revised non-performing loan ratio expen expectations to 13 in the short term due to the coronavirus pandemic as against the initial 9.4 percent this is based on the assumption that the average crude oil price will be 30 to 35 dollars per barrel joining me now via skype from abuja is the managing director chief executive officer of jai's bank mr hassan husman thank you very much mr osman for your time thank you for having me good afternoon yes it's great to really have you on the show now since march this year the global economy including nigeria has been disrupted by covet 19 pandemic now has it been different for chinese bank well you know this is a systemic issue that affects on institutions households [Music] everybody is affected so ties is not an exception what is important is how are we coping with this situation it's health crisis turning into an economic problem so the first thing is to secure our staff and customers to ensure that they are safe and we have a safe environment the number of both customers and staff on on site try to emphasize more of channels staff working at home some working on in the office and so that we can provide and support our customers to continue uh doing what they they do their businesses and support households and businesses as well this has been what we've been trying to do to ensure that the impact of this pandemic has not become a big problem for the institution indeed i was also thinking about the bank survival strategy because in 2016 the bank's license was upgraded to national one uh does that mean that the ice bank is now operating in full capacity of a national bank yes um like you said in june 2016 we got upgraded from a regional bank to a national bank uh when we started in 2012 we had only three branches um by now we have 40 branches and we have in almost all the geopolitical zones uh of the federation so uh in terms of our offerings uh physical and as well as virtual we are truly national now okay now what what is the outlook of the bank if customers expectations and technological advancement is anything to go by particularly at this very critical period well you see as a young bank we we try uh to expand the business uh we've been growing um the balance sheet for the last four years at the rate about 50 percent um our customer base has grown significantly our profitability 2018-2019 double this year in spite of kobe our first and second quarter uh results have also shown um um promising uh result it's it's um an improvement over the previous period in 2019. i'm not saying that we are not going to be affected by copied but i i'm saying that um so far uh so good uh in terms of um uh year on year and also quarter on quarter basis our performance has been um has been very good that sounds very good to see that the banking sector still has that stability uh at this time nigerians will really really be happy and they'll be happy hearing that so much success has been recorded in the past few years especially uh the last financial year can you take us through all of this and what are you really doing differently well you know our model is to share risk and return with our customers basically what we do we partner with our customers we buy sell to them we lease to them we partner in their business and share property uh almost together this is the model that we operate and this model uh is a growing uh model all over the world is growing at the rate of about 15 20 world over uh and as i mentioned in our own case for the last three years our balancing has been growing at the rate of over 50 percent uh last year we closed uh that's 2018 we closed at 108 by the end of december 2019 we were at 162 billion naira so you can see the increase of almost 68 percent similarly the profit we earned in 2018 was about 900 million in 2019 we closed with 2.1 which is more than 100 percent uh increase in profitability so the model is um is is is coming up and is working and you can see also the federal government has cued in by taking some of the product like the scoop which as you know we had last month the third trench of scoop was issued which was oversubscribed almost 400 percent that's also your your bank is a non-interest bank meaning that customers don't get interest on bank loans granted them now how do you operate because it should be all about making profit yes i i mentioned a non-interest bank is in like a trading house customers come and they say they want loan we said what what do you need money for we want to buy raw materials so we buy the raw material we sell to them with a markup and give them time to pay they need to buy a factory machine or an individual like to have a mortgage we buy the house and we lease the house and he pays renters and and then at the same time buy the bank out so in this way we we get renters or profits markov this profit markup and renters is the income that comes to the bank and it's what we we share with our depositors we also pay for overheads and of course uh also a dividend out of it now before i move on you were looking at the season you've also identified because of kovid and all of that now what other challenges would you say financial institutions like yours what other changes are they facing at this time that needs to be addressed because many i would say government securities that you touched on many are saying are not really attractive anymore at this time well you see kobe has brought a lot of disruptions [Music] customers are unable to [Music] to get the required dollars to open the lcs correspondent banks are unable to support the banking sector as they used to do because they have some outstanding obligation that they need needed to to to settle so it's their challenge is that i believe uh hopefully as the global outlook start to get improved we will reduce some of these challenges perhaps before the end of the year and maybe by first quarter perhaps we get to some level of normality where we resume a relationship with our counterparties all over the world in a normal mode uh let's talk about your unique service propositions tell us about that our proposition is that we as a model we share risk our return with our partners we trade with them we partner with them we we we are more likely to um to listen uh when they are in difficulty um our model also um allow for for us to give forbearances um for delay uh in in payment when these delays are not deliberate uh in in other situations you know you have a compounding of interest which generates unsustainable financial obligation in our own case um providences are available for customers that are in very difficult situation which which necessitate us listening more and and given that forbearance so we do not have the compounding event uh in in in our own system as in the other system finally before we let you go we know 2020 is really a challenging year what more should we expect from you moving on in the year and you're all right um we we are cautious but we believe that current uh first and second quarter performance it's likely to be maintained and that although this year is challenging we believe that we will not have degradation of our performance of last year god willing it's good to leave it on that note i've been speaking with the managing director chief executive officer of jazz bank uh it's been very interesting talking to you mr hassan usman thank you for your time thank you very much for having me