TAJBank grows assets to N1.34tn, maintains lead

TAJBank Limited, Nigeria’s innovation-driven non-interest bank, has maintained its lead position as the country’s largest ethical bank, based on the statements of financial position approved by regulatory authorities at the end of the 2025 financial year.

The latest data from the bank’s FY2025 financial statement showed that the non-interest lender consolidated its frontline position in the subsector across gross assets, profit values, and other key performance indicators during the year.

Specifically, in the year under review, TAJBank’s total assets grew 41 per cent to N1.34tn from N953bn in the preceding year. Gross earning assets surged 81 per cent to N847.71bn from N467.38bn in FY2024, while total equity surged to N149.23bn, reflecting a 144 per cent growth over the N61.25bn recorded in FY2024.

A further analysis of the approved financial statement indicated that the bank posted N132.56bn in gross earnings, representing a 71 per cent growth over the N77.55bn in the previous year

Its profit before tax surged 74 per cent to N31.56bn in FY2025 from N18.17bn in FY2024, while its capital adequacy ratio stood robustly at 30 per cent.

Commenting on the bank’s performance, a chartered banker and former Director-General of the Chartered Institute of Bankers of Nigeria, Uju Ogubunka, said the financial metrics between 2024 and 2025 indicated massive progress.

Ogubunka, who is also the President of the Bank Customers Association of Nigeria, stated, “The bank’s performance is excellent evidence that it is aggressively penetrating its targets, especially in the rural areas, and thus contributing to the level of financial inclusion nationwide. It is also a testament to the profitability and viability of the non-interest banking sector in Nigeria.”

In his remarks, the Managing Director/Chief Executive Officer of TAJBank, Hamid Joda, said the stellar performance was a reflection of corporate dedication.

“The improving performance of our bank is a clear demonstration of the board and management’s strong commitment to making TAJBank the best ethical bank in Nigeria by all assessment parameters,” Joda said. “We owe our shareholders, customers, regulatory authorities, and workers a lot of gratitude for supporting our efforts targeted at transforming TAJBank into a global brand in the ethical banking space in the years ahead,” he added.

Similarly, the bank’s Executive Director, Sherif Idi, assured stakeholders of sustained value creation in line with the bank’s long-term business model. Idi said, “The FY2025 performance of TAJBank is in furtherance of its corporate vision and mission, and I want to assure all our stakeholders, particularly the shareholders and customers, that our bank shall continually promote their interest in line with our corporate shared values always.”