TAJBank has recorded a remarkable 74 per cent increase in profit before tax (PBT) to N31.56 billion in the 2025 financial year, driven by robust growth in assets, earnings, and shareholders' funds. The bank's approved financial statements revealed that PBT rose from N18.17 billion in 2024.
Key Financial Highlights
Total assets surged by 41 per cent to N1.34 trillion, up from N953 billion in the preceding year. Gross earnings climbed by 71 per cent to N132.56 billion from N77.55 billion, while gross earning assets jumped by 81 per cent to N847.71 billion from N467.38 billion. Total equity soared by 144 per cent to N149.23 billion, compared with N61.25 billion in 2024. The bank also reported an earnings value of N1.037 trillion, with a capital adequacy ratio of 30 per cent during the period under review.
Industry Experts Applaud Performance
Commenting on the performance, the President of the Bank Customers Association of Nigeria (BCAN), Dr Uju Ogubunka, stated that the bank's financial indicators reflect progress in its operations and contribution to financial inclusion. He noted that the performance demonstrates the bank's growing market penetration, particularly in rural communities.
“The bank’s performance is excellent evidence that the bank is aggressively penetrating its targets, especially in rural areas, and thus contributing to the level of financial inclusion of the people nationwide. It is also a testament to the profitability and viability of the non-interest banking sector in Nigeria,” he said.
Management Comments
The Managing Director and Chief Executive Officer of TAJBank, Hamid Joda, attributed the improved results to the commitment of the board and management to strengthen the bank’s position in the ethical banking segment. He emphasized the dedication to sustainable growth and customer satisfaction.
Also speaking, the bank’s Executive Director, Sherif Idi, stated that the performance aligns with the institution’s corporate vision and mission. “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 value always,” he said.
Future Outlook
With these strong results, TAJBank is well-positioned to continue its trajectory of growth and innovation in the non-interest banking sector, further contributing to financial inclusion and economic development in Nigeria.
