TAJBank reports asset growth to N1.34tn in 2025 financial year

TAJBank Limited has reported significant growth across key financial indicators for the 2025 financial year, with total assets rising to N1.34 trillion, according to its audited financial statements approved by regulatory authorities.

The non-interest lender disclosed that its total assets increased by 41 per cent from N953 billion recorded in 2024. Gross earning assets also rose by 81 per cent to N847.71 billion, compared to N467.38 billion in the previous year.

The bank’s shareholders’ funds grew substantially during the period, with total equity increasing by 144 per cent to N149.23 billion from N61.25 billion in 2024.

According to the financial statements, TAJBank recorded gross earnings of N132.56 billion in 2025, representing a 71 per cent increase from N77.55 billion achieved in the preceding year.

Profit before tax stood at N31.56 billion, up from N18.17 billion in 2024, reflecting a growth of 74 per cent. The bank also reported a capital adequacy ratio of 30 per cent at the end of the financial year.

Commenting on the results, former Director-General of the Chartered Institute of Bankers of Nigeria and President of the Bank Customers Association of Nigeria, Uju Ogubunka, described the performance as an indication of progress in the bank’s operations.

He noted that the growth trajectory suggested increased market penetration and could contribute to broader financial inclusion efforts, particularly in underserved areas. Ogubunka also said the results reflected the growing relevance of non-interest banking within Nigeria’s financial sector.

Speaking on the financial performance, TAJBank’s Managing Director and Chief Executive Officer, Hamid Joda, attributed the results to the efforts of the board, management and staff.

He expressed appreciation to shareholders, customers, regulators and employees for their support, adding that the bank remained focused on strengthening its position in the ethical banking segment.

Also commenting, Executive Director Sherif Idi said the bank would continue to pursue its long-term strategy of delivering value to stakeholders. He reaffirmed the institution’s commitment to promoting the interests of shareholders and customers while adhering to its corporate values.

TAJBank operates as a non-interest financial institution and has continued to expand its presence in Nigeria’s banking industry in recent years.