TAJBank Limited, Nigeria’s innovative non-interest financial institution, has retained its position as the country’s largest ethical bank by assets and profitability, according to approved financial statements of non-interest banks at the end of the 2025 financial year.
The latest audited results show that TAJBank strengthened its dominance in the sector, recording significant growth across key performance indicators, including total assets, gross earnings, equity, and profit before tax.
Strong growth across key indicators
In the year under review, the bank’s total assets rose to ₦1.34 trillion from ₦953 billion in 2024, representing a 41 percent increase. Its gross earning assets also surged by 81 percent to ₦847.706 billion, up from ₦467.377 billion in the previous year.
Shareholders’ funds showed even stronger expansion, with total equity rising by 144 percent to ₦149.230 billion from ₦61.250 billion in 2024.
Further analysis of the FY2025 financial statement indicates that TAJBank posted gross earnings of ₦132.563 billion, representing a 71 percent increase compared to ₦77.550 billion in the preceding year. The bank also recorded a profit before tax of ₦31.562 billion, up 74 percent from ₦18.166 billion in 2024.
The capital adequacy ratio stood at a strong 30 percent, reflecting improved financial stability and resilience.
Stakeholders commend performance
Reacting to the results, a chartered banker and former Director-General of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Uju Ogubunka—who also serves as President of the Bank Customers Association of Nigeria (BCAN)—commended the bank’s performance, describing it as impressive despite macroeconomic challenges.
He noted that key indicators such as asset growth (41 percent), gross earnings (81 percent), and profit before tax (74 percent) reflect strong operational efficiency and expanding market penetration.
According to him, “All of these in an economy that has been challenged by a multiplicity of factors show that the bank’s performance for the 2025 financial year can be judged positive and should be encouraged and sustained.”
He added that the bank’s performance demonstrates increased financial inclusion, particularly in rural areas, as part of its expanding outreach strategy.
Management speaks on performance
The Managing Director and Chief Executive Officer of TAJBank, Mr. Hamed Joda, said the results reflect the institution’s commitment to becoming the leading ethical bank in Nigeria.
He said, “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 expressed appreciation to shareholders, customers, regulators, and staff for their continued support, adding that the bank is focused on building a global ethical banking brand.
Also commenting, the Executive Director, Mr. Sherif Idi, said the 2025 performance aligns with the bank’s long-term vision and commitment to stakeholders.
He assured customers and shareholders that TAJBank will continue to prioritise their interests while sustaining value-driven growth.
Outlook
Over the years, TAJBank has continued to earn recognition for its innovation-driven, customer-focused, and ethical banking model, winning several local and international awards for its contributions to financial inclusion and economic development in Nigeria.
Yahoo Mail: Search, Organize, Conquer
