Admin I Tuesday, July 12, 2023
LAGOS, Nigeria – TAJ Bank, one of the newest financial institution in the banking sector has recorded some remarkable performance in the reporting year with profit before tax surging from N1.6 billion in 2021 to N5.081 billion in 2023.
Balance sheet grew by over 93 percent from N110 billion in the year 2021 to N212 billion in the corresponding year.
“TAJBank recorded remarkable growth across key indices during the year as its balance sheet grew by over 93% from N110 billion recorded in FY 2021 to N212 billion while its Profit Before Tax (PBT) also surged from N1.6 billion in FY 2021 to N5.081 billion”, the bank has announced.
TAJBank secured its banking license from the Central Bank of Nigeria on the 3rd of July 2019, while banking operations began on the 2nd of December 2019 with two pioneering branches in Abuja and Kano.
The Bank also opened a branch in Sokoto State on the 24th of August 2020.
As a Non-Interest Bank with strategic intent of providing excellent services through technology and digital innovation, the Bank focuses on building a strong brand with solutions and competencies in non-interest banking while adopting sustainably ethical conventional banking products and services by leveraging on mainstream and digital media.
In line with its mission and vision, the Bank seeks to redefine the banking landscape through continuous investment in cutting edge information technology with a view to delivering exceptional service to its teeming customers while also committing itself to its Core values which are Trust and Justice, Customer centricity, Excellence, Determination, and Innovation.
