TAJBank Limited, one of Nigeria’s leading non-interest banking institutions, has earned A1 credit ratings from leading rating agencies, Agusto & Co and DataPro.
The announcement was made in a statement by the bank’s Founder and Chief Executive Officer, Mr. Hamid Joda, who described the development as a significant milestone for the fast-growing financial institution.
Joda explained that the A1 ratings were awarded under the agencies’ credit risk and operational resilience assessment scorecards, positioning TAJBank among the highest-rated institutions in Nigeria’s Non-Interest Banking (NIB) segment.
He noted that the latest rating represents an upgrade from the Bbb+ rating assigned by Agusto & Co about two years ago, reflecting the bank’s strengthened financial standing.
According to him, the upgrade was driven by TAJBank’s high-quality balance sheet, strong earnings performance, and robust financial ratios recorded in the 2025 financial year.
“In spite of the prevailing economic headwinds in the country, TAJBank has continued to leverage operational efficiency and customer-focused, world-class services to sustain growth,” Joda said.
He added that the improved rating demonstrates the bank’s sustained commitment to effective risk management, sound operational controls, and adherence to global best practices in governance and administration.
“The latest ratings by these reputable agencies once again validate management’s dedication to standardisation and excellence across all aspects of our operations,” he stated.
Joda further emphasised that the bank remains focused on delivering innovative, real-time, technology-driven services while strengthening risk management frameworks to ensure sustainable growth for its expanding customer base.
“As we have consistently maintained, our primary goal is to deploy world-class operational standards and services that protect our customers’ interests, exceed their expectations, and keep TAJBank at the forefront of the non-interest banking subsector,” he said.
He added that the A1 ratings send a strong message to customers, investors and other stakeholders about the safety and reliability of the bank.
“The message from these top-tier ratings is clear: with TAJBank, customers and investors can be assured of the safety of their investments and transactions, as well as management’s readiness to support their business growth and socio-economic wellbeing,” Joda said.
Also commenting on the development, the bank’s Executive Director, Mr. Sherif Idi, said the A1 ratings reaffirm TAJBank’s unwavering commitment to best-practice standards.
Idi noted that the bank continues to prioritise investment in human capital development, innovative technologies and branch network expansion to strengthen its competitive position.
“Our strategy is to consistently position TAJBank as the preferred choice for customers within Nigeria’s non-interest banking subsector,” he said.
