{"id":6485,"date":"2026-06-04T09:09:11","date_gmt":"2026-06-04T09:09:11","guid":{"rendered":"https:\/\/stakebridgeirpr.com\/media\/?p=6485"},"modified":"2026-06-04T09:09:11","modified_gmt":"2026-06-04T09:09:11","slug":"tajbank-grows-assets-to-n1-34tn-strengthening-non-interest-banking-leadership","status":"publish","type":"post","link":"https:\/\/stakebridgeirpr.com\/media\/tajbank-grows-assets-to-n1-34tn-strengthening-non-interest-banking-leadership\/","title":{"rendered":"TAJBank Grows Assets To N1.34tn, Strengthening Non-Interest Banking Leadership"},"content":{"rendered":"

By Kingsley Ani<\/strong><\/p>\n

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TAJBank Limited reported significant growth across key financial indicators in its 2025 audited financial statements, consolidating its position as Nigeria’s largest non-interest bank by assets. Total assets rose 41 percent to N1.34 trillion from N953 billion in 2024, while gross earning assets increased 81 percent to N847.71 billion. Gross earnings climbed 71 percent to N132.56 billion, profit before tax rose 74 percent to N31.56 billion, and shareholders’ funds expanded 144 percent to N149.23 billion. The bank also maintained a capital adequacy ratio of 30 percent, well above regulatory requirements.<\/p>\n

DECISION HIGHLIGHT<\/strong><\/p>\n

TAJBank’s growth trajectory demonstrates the increasing commercial viability of non-interest banking as a mainstream segment within Nigeria’s financial services industry.<\/p>\n

DECISION MEMO <\/strong><\/p>\n

The significance of the results extends beyond institutional performance. They provide evidence that non-interest banking is evolving from a niche alternative into a scalable banking model capable of competing on profitability, capital growth and balance-sheet expansion.<\/p>\n

Particularly notable is the relationship between asset growth and earnings growth. The 81 percent increase in earning assets translated into strong revenue and profitability expansion, suggesting effective deployment of capital rather than balance-sheet accumulation alone.<\/p>\n

The substantial increase in equity also strengthens the bank’s capacity for future growth, lending expansion and risk absorption. Combined with a 30 percent capital adequacy ratio, the figures indicate a balance sheet positioned to support further market penetration.<\/p>\n

The performance also reflects broader trends in financial inclusion and ethical banking adoption, particularly in underserved markets where non-interest banking products continue to gain acceptance.<\/p>\n

Uju Ogubunka, President, Bank Customers Association of Nigeria and former Director-General, Chartered Institute of Bankers of Nigeria, said: \u201cThe bank’s performance is excellent evidence that it is aggressively penetrating its targets, especially in the rural areas, and thus contributing to the level of financial inclusion nationwide. It is also a testament to the profitability and viability of the non-interest banking sector in Nigeria.\u201d<\/p>\n

Hamid Joda, Managing Director and Chief Executive Officer, TAJBank Limited, said: \u201cThe improving performance of our bank is a clear demonstration of the board and management’s strong commitment to making TAJBank the best ethical bank in Nigeria by all assessment parameters.\u201d<\/p>\n

Sherif Idi, Executive Director, TAJBank Limited, also said: \u201cThe FY2025 performance of TAJBank is in furtherance of its corporate vision and mission.\u201d<\/p>\n

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DATA BOX<\/strong><\/p>\n