TAJBank Emerges as Nigeria's Largest Non-Interest Bank
TAJBank has been recognized as Nigeria's largest non-interest bank by assets and profit, according to its financial statements for FY2025. The bank's total assets increased to ₦1.34 trillion, a 41% growth from ₦953 billion the previous year.
Gross earnings surged to ₦847.71 billion, marking an 81% increase from ₦467.38 billion in FY2024. The bank's profit before tax rose to ₦31.56 billion, a 74% increase from ₦18.17 billion in FY2024.
The capital adequacy ratio stood at 30%. Dr. Uju Ogubunka, a former Director General of the Chartered Institute of Bankers of Nigeria (CIBN), commented on the bank's performance, indicating that the financial indicators justify the view that TAJBank has made significant progress.
Mr. Hamid Joda, the Managing Director and CEO of TAJBank, expressed enthusiasm about the bank's performance and commitment to transforming TAJBank into a global brand in the ethical banking space.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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