TAJBank Limited, Nigeria’s top non-interest bank, has retained its lead as the country’s biggest ethical bank, based on the 2025 regulatory-approved financial statements of all NIBs. TAJBank’s CEO, Hamed Joda, said this in a statement on Tuesday.

According to him, the latest data from TAJBank’s fiscal year 2025 financial position statement showed that the non-interest lender had consolidated its frontline position in the subsector.

This, he said, was based on gross asset and profit values as well as other key performance indicators during the year.

“Specifically, in the year under review, TAJBank’s total assets grew to N1.34 trillion from N953 billion in the preceding year, representing 41 per cent growth. Gross earning assets surged to N847.706 billion from N467.377 billion in FY 2024, indicating an 81 per cent surge, while total equity surged to N149.230 billion, reflecting 144 per cent growth over the N61.250 billion in FY 2024.

“A further analysis of the TAJBank’s FY 2025 approved financial statement indicated that it posted N132.563 billion in gross earnings, representing 71 per cent growth over the N77.550 billion in the previous year.

”Earnings value of N1.037 trillion, while its profit before tax (PBT) rose by 74 per cent to N31.562 billion in FY 2025, from N18.166 billion in FY 2024; and the capital adequacy ratio stood at 30 per cent,” Mr Joda said.

Mr Joda noted that the bank’s improving performance demonstrated the board of directors’ and management’s strong commitment to making TAJBank the best ethical bank in Nigeria across all assessment parameters.

“We owe our shareholders, customers, regulatory authorities and workers a lot of gratitude for supporting our efforts targeted at transforming TAJBank into a global brand in the ethical banking space in the years ahead,” Mr Joda said.

Commenting on TAJBank’s performance during the year under review, a chartered banker and former director-general of the Chartered Institute of Bankers in Nigeria, Uju Ogubunka, cited the bank’s KPIs in the financial statement. He said the bank had made some progress and that its financial performance indicators for 2024 and 2025 suggested as much.

Mr Ogubunka, who is the president of the Bank Customers Association of Nigeria, said that total assets grew by as much as 41 per cent, while gross earnings and PBT grew by 81 per cent and 74 per cent, respectively.

Speaking on the bank’s financial scorecard in the year under review, the bank’s executive director, Sherif Idi, said the performance of the bank was in line with its vision and mission.

”I want to assure all our stakeholders, particularly the shareholders and customers, that our bank will continue to promote their interests in line with our corporate shared value always.

”Over the past few years of our operations, TAJBank has been winning local and international awards for its futuristic, innovation-driven, customer-friendly and economy-growth-supporting ethical banking products and services,” he said.

(NAN)