TAJBank recorded a 74 per cent increase in profit before tax (PBT) to N31.56 billion in the 2025 financial year, driven by strong growth in assets, earnings and shareholders’ funds.

The bank’s approved financial statements showed that PBT rose from N18.17 billion in 2024, while total assets increased by 41 per cent to N1.34 trillion from N953 billion in the preceding year.

Gross earnings also climbed by 71 per cent to N132.56 billion from N77.55 billion, while gross earning assets surged by 81 per cent to N847.71 billion from N467.38 billion.

Total equity rose by 144 per cent to N149.23 billion, compared with N61.25 billion recorded in 2024. The bank also reported earnings value of N1.037 trillion, while its capital adequacy ratio stood at 30 per cent during the period under review.

Commenting on the performance, President of the Bank Customers Association of Nigeria (BCAN), Dr Uju Ogubunka, said the bank’s financial indicators reflected progress in its operations and contribution to financial inclusion.

According to him, the performance demonstrated 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.

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.

Also speaking, the bank’s Executive Director, Sherif Idi, said the performance aligned 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.