TAJBank’s Profit Before Tax Surges By 74%, Pays Higher Dividends
Kayode Tokede TAJBank Limited, has said that it sustained its frontline position in the nation’s ethical banking space with its Profit Before Tax (PBT) surging year-on-year by74 per cent to N31.562 billion in FY2025,
TAJBank Limited has reported a remarkable surge in its Profit Before Tax (PBT), with the figure increasing by a substantial 74% to N31.562 billion in FY2025, from N18.166 billion in FY2024. This impressive financial growth is accompanied by other positive indicators, such as a marked rise in total assets to N1.34 trillion from N953 billion in the previous year, and total equity expanding to N149.230 billion, representing a substantial 144% increase.
In response to this strong performance, TAJBank's Board, during their virtual 2026 Annual General Meeting, decided to pay a higher dividend of 20 kobo per share to its shareholders, one of the most generous dividend per share ratios in the nation's banking industry.
Alhaji Tanko Gwamna, the Board Chairman, expressed his gratitude to the shareholders for their contributions to the bank’s growth, pointing out the bank's consistent practice of rewarding shareholders over the years. Furthermore, Mr. Hamid Joda, the Managing Director/CEO, highlighted the positive impact of a prudential financial approach on the bank’s improving financial performance, which in turn is fostering investor confidence.
Mr. Sheriff Idi, the Executive Director, emphasized the bank's commitment to prioritizing shareholders and customers as its core focus, ensuring their interests remain at the forefront of the bank’s operations.
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