TAJBank Limited has recorded a significant improvement in its financial performance, with Profit Before Tax (PBT) rising by 74 per cent to ₦31.56 billion in the 2025 financial year, compared with ₦18.17 billion reported in 2024.
The performance, disclosed in the bank’s approved FY2025 financial statements, further consolidates TAJBank’s position within Nigeria’s rapidly developing non-interest banking sector.
The bank’s balance sheet expanded substantially during the year, with total assets increasing by 41 per cent from ₦953 billion in 2024 to ₦1.34 trillion at the end of 2025.
Gross earnings similarly rose by 71 per cent, reaching ₦132.56 billion from ₦77.55 billion recorded a year earlier. Gross earning assets also grew considerably, climbing 81 per cent from ₦467.38 billion to ₦847.71 billion.
Another major improvement was recorded in shareholders’ funds. Total equity increased by 144 per cent, moving from ₦61.25 billion in 2024 to ₦149.23 billion in 2025.
TAJBank also reported a capital adequacy ratio of 30 per cent, highlighting its capital position as the institution continues to expand its operations.
TAJBank strengthens position in non-interest banking
The latest financial results reinforce TAJBank’s emergence as a major player in Nigeria’s non-interest banking market.
Industry figures approved by regulators have placed the bank ahead of other institutions in the subsector in terms of total assets and gross earnings. Its growing influence became particularly evident in 2025 when its total assets exceeded the ₦1 trillion threshold.
The latest figures indicate that the bank has continued to expand beyond that milestone.
The 81 per cent increase in gross earning assets is particularly noteworthy, as it suggests that a significant proportion of the bank’s growing balance sheet is being deployed into income-generating activities.
The simultaneous growth in assets, earnings and shareholders’ equity therefore provides a broader picture of the bank’s performance and financial capacity.
Shareholders approve 20-kobo dividend
Shareholders are also set to benefit from the bank’s improved performance, following the approval of a 20-kobo dividend per share at the 2026 Annual General Meeting.
Chairman of the Board, Alhaji Tanko Gwamna, said the dividend was a recognition of shareholders’ contribution to the institution’s development.
“The Board rewarded shareholders for their contributions to the growth of TAJBank, as we have done over the years.”
The dividend reflects an attempt by the bank to combine business expansion with returns to investors.
Managing Director/Chief Executive Officer, Hamid Joda, attributed the performance to prudent financial management and said the results had helped reinforce confidence among investors.
“I want to thank our shareholders and assure them that their funds are secure and will continue to yield sustainable returns annually.”
Executive Director, Sherif Idi, also reaffirmed the bank’s commitment to customers and shareholders.
“We value our shareholders and customers because their interest is why we are in business. We will always prioritise them in our operations.”
Experts point to wider impact
Banking-sector observers have also described the performance as evidence of the growing strength of the non-interest banking model in Nigeria.
A chartered banker, former Director-General of the Chartered Institute of Bankers of Nigeria and President of the Bank Customers Association of Nigeria, said TAJBank’s performance reflected significant progress in expanding its market reach.
According to him, the bank’s growth has been supported by deeper penetration, including in rural communities, with implications for financial inclusion.
He added that the results demonstrated the profitability and commercial viability of non-interest banking in Nigeria.
An investment expert and chartered stockbroker had also previously identified TAJBank as the largest non-interest bank by assets following its 2025 half-year performance.
At the time, the bank’s assets had risen to approximately ₦1.02 trillion, giving it a lead of more than ₦50 billion over its closest competitor.
The full-year results indicate that TAJBank subsequently widened its scale.
Sustainability becomes the next test
Despite the strong numbers, the bank’s rapid expansion also brings increased expectations around risk management, asset quality and long-term profitability.
With total assets increasing from ₦953 billion to ₦1.34 trillion within a year, maintaining effective risk controls and ensuring that asset quality remains strong will be critical to sustaining the growth trajectory.
The reported 30 per cent capital adequacy ratio provides an important buffer as the bank enters its next phase of expansion.
The 144 per cent growth in shareholders’ equity is equally significant, giving the institution a stronger capital base to support future business expansion and provide protection against potential losses.
The challenge for management will be to maintain the quality of its assets and profitability while managing the risks associated with a much larger balance sheet.
Non-interest banking attracts greater attention
TAJBank’s performance comes as Nigeria’s non-interest banking industry continues to gain visibility among customers, investors and other financial-sector stakeholders.
Non-interest banking offers financing and investment structures based on principles that differ from conventional interest-based banking, creating alternative channels for accessing financial services.
TAJBank has built its strategy around this model, with investments in technology, alternative financing solutions, branch expansion and financial inclusion forming key components of its growth plans.
The institution has also continued to develop its capital-market activities.
In 2025, TAJBank completed arrangements for a ₦20 billion second tranche under its ₦100 billion Mudarabah Sukuk programme, building on its earlier Sukuk issuance.
The programme provides an additional avenue for strengthening the bank’s funding and investment ecosystem.
Technology and governance remain priorities
The bank’s expansion has also been accompanied by investments in technology, information security and business continuity.
TAJBank holds Payment Card Industry Data Security Standard (PCI DSS) certification, alongside ISO certifications covering areas including information security, business continuity and IT service management.
These standards are particularly relevant as financial institutions increase their reliance on digital platforms and process larger volumes of customer transactions and data.
Maintaining these standards as the institution grows will remain important to managing cybersecurity, operational and technology-related risks.
A bigger platform for future growth
TAJBank’s 2025 financial performance points to the emergence of a sizeable non-interest banking institution, with total assets of ₦1.34 trillion, shareholders’ equity of ₦149.23 billion, gross earnings of ₦132.56 billion and PBT of ₦31.56 billion.
The numbers underline the scale the bank has achieved, but they also raise expectations for its next phase of development.
Having established a strong position in the non-interest banking segment, TAJBank will need to demonstrate that it can maintain asset quality, preserve capital strength, manage risk effectively and deliver sustainable returns as competition increases.
For shareholders, the 20-kobo dividend represents a direct benefit from the bank’s performance. For customers, the larger balance sheet could provide greater capacity for financing and expanded financial services.
More broadly, TAJBank’s results point to the increasing importance of non-interest banking within Nigeria’s financial-services ecosystem.
The next measure of success will therefore be whether the bank can transform its rapid expansion into sustainable, well-capitalised and resilient long-term growth.
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