TAJBank’s PBT rises 74%, pays higher dividend

TAJBank Limited, Nigeria's largest non-interest bank by assets, has demonstrated robust financial performance, with its Profit Before Tax (PBT) increasing by 74% year-on-year to N31.56 billion in the fiscal year 2025. This marks a significant rise from the N18.17 billion recorded in FY2024, underscoring the bank's sustained market leadership.

The bank's audited financial statements for FY2025 reveal substantial growth in its balance sheet. Total assets expanded to N1.34 trillion, up from N953 billion in the previous year. Total equity saw an even more impressive surge of 144%, reaching N149.23 billion compared to N61.25 billion in FY2024.

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The Board rewarded shareholders for their contributions to the growth of TAJBank, as we have done over the years.

In recognition of its strong performance and to reward its shareholders, the Board approved a dividend of 20 kobo per share during the 2026 Annual General Meeting. This payout ratio is noted as one of the highest in the Nigerian banking industry. Alhaji Tanko Gwamna, the Board Chairman, stated, "The Board rewarded shareholders for their contributions to the growth of TAJBank, as we have done over the years."

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I want to thank our shareholders and assure them that their funds are secure and will continue to yield sustainable returns annually.

Managing Director/CEO Hamid Joda attributed the bank's success to prudent financial management, which has bolstered investor confidence. He assured shareholders, "I want to thank our shareholders and assure them that their funds are secure and will continue to yield sustainable returns annually." Executive Director Sheriff Idi echoed this sentiment, emphasizing the bank's commitment to prioritizing shareholders and customers.

Following five years of operation, TAJBank has been rated by regulatory authorities as the leading player in Nigeria's non-interest banking subsector based on total assets and gross earnings. The bank has also garnered multiple awards, including BusinessDay awards in 2021, 2022, and 2023, and the Leadership Newspapers 'Bank of the Year' award in 2020. Furthermore, TAJBank holds the Payment Card Industry Data Security Standard certification and three ISO certifications, highlighting its adherence to global best practices in information security, business continuity, and IT service management.

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We value our shareholders and customers because their interest is why we are in business. We will always prioritise them in our operations.