TAJBank Reports ₦1.34 Trillion Assets for FY2025
TAJBank has confirmed its status as Nigeria's largest non-interest bank by assets and profit, according to its financial statement for FY2025. The bank's total assets grew to ₦1.34 trillion, up from ₦953 billion the previous year, representing a 41% increase.
Gross earnings surged to ₦847.71 billion, an 81% rise from ₦467.38 billion in FY2024. The bank's profit before tax rose by 74% to ₦31.56 billion, compared to ₦18.17 billion in FY2024.
The capital adequacy ratio stood at 30%. Mr. Hamid Joda, the Managing Director and CEO of TAJBank, expressed gratitude for the support from shareholders, customers, and regulatory authorities, emphasizing the bank's commitment to becoming a global brand in the ethical banking sector.
Dr. Uju Ogubunka, former Director General of the Chartered Institute of Bankers of Nigeria, noted the bank's progress in financial performance, particularly in rural areas, contributing to financial inclusion across Nigeria.
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