…As Total Assets Grow by 84%
TAJBank Limited, Nigeria’s fastest-growing non-interest bank, has once again made history with the payment of a 20 kobo per share dividend to its shareholders for the 2024 financial year—marking the third time it has rewarded investors in its five years of operations.
Industry data on bank dividends for the year under review show that TAJBank’s payout ranks among the best in terms of dividend-to-share value ratio nationwide.
The bank’s 2024 financial results further underscore its strong performance:
Total Assets grew from ₦518.33 billion in 2023 to ₦953.10 billion in 2024, reflecting an 84% year-on-year increase.
Gross Earnings surged from ₦43.2 billion to ₦75.5 billion—an 80% growth.
Customer Deposits rose significantly by 89%, from ₦369.33 billion to ₦696.34 billion.
Profit Before Tax (PBT) increased by 61%, rising from ₦11.3 billion in 2023 to ₦18.2 billion in 2024.
The bank’s Gross Revenue also climbed to ₦467.38 billion, up from ₦271.92 billion—a 72% increase.
Commenting on the impressive results, TAJBank’s Founder and CEO, Mr. Hamid Joda, said:
“With the payment of the third dividend within five years of operations, TAJBank’s Board and Management have again demonstrated that investors’ interests remain a top priority. The sterling performance over the years is a testament to our proactive strategies and innovation. Our investors can rest assured that their interests will always be at the heart of our operations.”
Also speaking, the bank’s Co-Founder and Executive Director, Mr. Sherif Idi, noted:
“This third dividend payment is historic. It reflects the core purpose of TAJBank’s establishment—to continually serve the interests of our shareholders, customers, and the wider public. We thank our shareholders for their unwavering support and encourage them to invite others to invest in TAJBank for long-term value and sustained benefits.”
TAJBank’s consistent growth and shareholder returns have solidified its reputation as a key player in Nigeria’s non-interest banking sector.
