Abuja: TAJBank Limited, Nigeria’s premier non-interest bank (NIB), has maintained its position as the country’s largest ethical bank, as shown in the 2025 regulatory-approved financial statements of all NIBs. This achievement was announced by the Managing Director/CEO of TAJBank, Mr. Hamed Joda, in a statement on Tuesday.
According to News Agency of Nigeria, the Fiscal Year 2025 (FY2025) financial statements reveal that TAJBank has solidified its leadership in the non-interest banking sector. The bank’s prominence is attributed to its significant growth in Gross Assets and Profit values, alongside other Key Performance Indicators (KPIs) for the year.
Specifically, TAJBank’s total assets surged to N1.34 trillion from N953 billion in the previous year, marking a 41 percent increase. Gross earning assets rose dramatically to N847.706 billion from N467.377 billion in FY 2024, reflecting an 81 percent increase. Additionally, total equity climbed to N149.230 billion, indicating a 144 percent growth compared to N61.250 billion in FY 2024.
Further analysis of TAJBank’s FY 2025 approved financial statement shows that it achieved N132.563 billion in Gross earnings, a 71 percent rise from N77.550 billion the previous year. The bank’s earnings value reached N1.037 trillion, while its Profit Before Tax (PBT) increased by 74 percent to N31.562 billion from N18.166 billion in FY 2024. The capital adequacy ratio stood at 30 percent.
Mr. Joda emphasized that TAJBank’s robust performance underscores the Board of Directors’ and management’s dedication to establishing the bank as Nigeria’s top ethical bank across all evaluation metrics. He expressed gratitude to shareholders, customers, regulatory authorities, and employees for their support in transforming TAJBank into a global leader in the ethical banking industry.
Dr. Uju Ogubunka, a chartered banker and former Director-General of the Chartered Institute of Bankers in Nigeria (CIBN), commended TAJBank’s performance. He highlighted the bank’s KPIs in the financial statement as evidence of its progress between 2024 and 2025. Dr. Ogubunka, who is also the President of the Bank Customers Association of Nigeria (BCAN), noted the substantial growth in total assets, Gross Earnings, and PBT.
He remarked on the bank’s positive trajectory in an economy facing multiple challenges, emphasizing its aggressive market penetration and contribution to financial inclusion, particularly in rural areas. Dr. Ogubunka advocated for the continuation of the bank’s successful strategies.
Mr. Sherif Idi, the bank’s Executive Director, also commented on the financial scorecard, aligning the bank’s performance with its vision and mission. He reassured stakeholders of TAJBank’s commitment to promoting their interests in line with its corporate shared values. Mr. Idi highlighted the bank’s recognition for its innovative, customer-friendly, and economy-supporting ethical banking products and services, as evidenced by numerous local and international awards.