TAJBank Limited has maintained its position as Nigeria’s largest non-interest bank by assets and profitability, according to the regulatory-approved 2025 financial statements of all non-interest banks in the country.
The Managing Director/Chief Executive Officer of TAJBank, Mr. Hamed Joda, disclosed this in a statement issued on Tuesday in Abuja.
According to him, the bank’s 2025 financial results further strengthened its leadership in the non-interest banking sector, with impressive growth recorded across major performance indicators, including total assets, earnings, equity, and profitability.
Joda stated that TAJBank’s total assets rose from N953 billion in 2024 to N1.34 trillion in 2025, representing a 41 per cent increase.
Similarly, the bank’s gross earning assets climbed by 81 per cent, from N467.38 billion in 2024 to N847.71 billion in 2025.
Its shareholders’ funds also recorded remarkable growth, with total equity increasing by 144 per cent from N61.25 billion to N149.23 billion during the period under review.
An analysis of the bank’s approved 2025 financial statements further showed that gross earnings grew by 71 per cent, rising from N77.55 billion in 2024 to N132.56 billion in 2025.
Profit Before Tax (PBT) also increased significantly by 74 per cent, reaching N31.56 billion in 2025 compared to N18.17 billion recorded in the previous year. The bank’s capital adequacy ratio stood at 30 per cent.
Joda attributed the strong performance to the commitment of the Board and management to building Nigeria’s leading ethical bank.
“The impressive results demonstrate our unwavering commitment to making TAJBank the foremost ethical bank in Nigeria. We remain grateful to our shareholders, customers, regulators, and employees for their continued support as we work towards establishing TAJBank as a globally recognised ethical banking brand,” he said.
Commenting on the bank’s performance, former Director-General of the Chartered Institute of Bankers of Nigeria (CIBN) and President of the Bank Customers Association of Nigeria (BCAN), Dr. Uju Ogubunka, described the results as evidence of sustained growth despite prevailing economic challenges.
According to him, the bank’s total assets grew by 41 per cent, while gross earnings and profit before tax increased by 71 per cent and 74 per cent, respectively.
He added that returns on assets improved by 23 per cent, describing the achievement as noteworthy in a challenging economic environment.
“There is no doubt that the bank’s 2025 financial performance can be adjudged positive. The results show that TAJBank is aggressively expanding its reach, particularly in underserved and rural communities, thereby contributing significantly to financial inclusion in Nigeria,” Ogubunka said.
Also speaking on the bank’s performance, Executive Director Mr. Sherif Idi said the results reflected TAJBank’s commitment to its corporate vision and mission.
“We will continue to protect and advance the interests of our shareholders and customers in line with our shared corporate values,” he said.
Idi added that TAJBank had continued to earn local and international recognition for its innovation-driven, customer-focused and growth-supporting ethical banking products and services.
