Business

Financial Inclusion: Tajbank Opens 3 New Branches, NANTS Lauds Drive

Published

4 years ago

May 27, 2021

Joel Ajayi

Tajbank, Nigeria’s Leading Non-Interest Bank, Has Opened Three New Branches In Abuja In Furtherance Of Its Sustained Drives To Deepen Financial Inclusion And Offer Stress-Free Innovative Financial Services To Its Growing Customers Nationwide.

Speaking During The Opening Ceremony Of The Technology-Powered Branches, The Bank’s Chairman, Alhaji Tanko Isiaku Gwamna Told Thousands Of People Who Graced The Occasion To Open New Accounts That The New Branches Were Part Of The Bank’s Mission To Serve As A Catalyst For Micro, Small And Medium Enterprises’ (Msmes’) Sustainable Growth In Nigeria.

He Enthused: “By Launching These Branches In Locations That Are Particular To The Ecosystem Of The Businessman And Women, We Are Fulfilling Our Mission Of Making Seamless Banking Solution Accessible To All Businesses.

“Let Me Assure All Our Old And Potential Customers That Tajbank Will Continue To Serve Your Interest And Support Every Step You Take To Improve Your Business Operations For Profitability And Your Socio-Economic Well Being Through Interest-Free Loans And Unparalleled Quality Service Delivery”, Gwamna Assured.

According To The Bank’s Management, The Three New Branches Located At Wuse Market, Garki Market And Gudu Market Will Help In Leveraging The Non-Interest Lender’s Strives Towards Catalysing Msmes’ Productivity And Profitability Despite The Lingering Impact Of COVID-19 Pandemic On The Economy.

In His Remarks At The Event, The NANTS President, Barrister Ken Ukaoha, Commended Tajbank’s Board And Management For Bringing The Much-Cherished Interest-Free Banking Services To The Market Men And Women Especially At A Time Many Other Financial Services Providers Are Either Closing Their Branch Networks For Flimsy Excuses Or Depressing Traders With High Interest Rates.

“We Are Happy That Tajbank Is Supporting Nigerian Traders And We Will Also Reciprocate Their Goodwill By Encouraging Traders To Do Business With The Bank So As To Facilitate A Win-Win Experience For The Bank And Traders Nationwide. Indeed, We Would Meet To Strengthen The Symbiotic Relationship”, Ukaoha Added.

In The Past Year Of Its Debut As A Non-Interest Bank, Tajbank’s Has Continued To Record Success Since Its Opening In December 2019.

It Would Be Recalled That The Bank Recorded Profit In Its First Year Operation And Is Currently Expanding Its Branch Networks, With Plans To Extend Services To The Six Geopolitical Zones Soon.

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Business

TAJBank Emerges Nigeria’s Biggest Non-Interest Bank

Published

1 week ago

October 23, 2025

The Gleamer

Cyril Ogar

After five years of operations in Nigeria’s rapidly evolving non-interest banking (NIB) space, TAJBank Limited has become the biggest player in the NIB subsector based on its total assets and gross earnings values.

Disclosing this during his paper presentation on the key performance indices in the non-interest banking space over the past few years at a seminar organized by Leaders Corporate Services with the theme “Roles of Non-Interest Banks In SMEs’ Financing” for SME entrepreneurs yesterday in Abuja, an investment expert, Mr. Olabode Akeredolu-Ale, maintained that based on the non-interest banks’ approved financial statements for the half year 2025, TAJBank currently remained the biggest in terms of its total assets.

The expert, a chartered stockbroker, specifically confirmed that his recent investment researches on the NIBs and their financial performances showed that TAJBank, with its total assets rising to N1.017 trillion in half year 2025 up from N953.098 billion as of December 2024, which is about N53 billion higher than the nearest NIB’s assets, now ranked top in the banking subsector.

According to him, TAJBank’s gross earnings for H1 2025 also surged to N53.752 billion from N32.86 billion as of December 2024, representing a 64% growth, and higher than the nearest NIB’s gross earnings in the period under review.

This is even as he disclosed that on the NIBs’ earnings per share during the half year, TAJBank reported N61.36 kobo earnings per share, about 92% higher than the earnings per share of the next NIB during the period.

Akeredolu-Ale, who is also a chartered accountant, clarified: “The figures I am reeling out here on the NIBs are sourced from the banking and capital market regulatory institutions’ platforms, which anyone can access to verify.

“I am part of this event because of my research interest in non-interest banking and how the players in the subsector in Nigeria can help to leverage their competencies in innovation and ethical banking to support our MSMEs.

“Today, the MSMEs cannot access DMBs’ loans due to high lending rates and other inclement macroeconomic factors. This is where I think the NIBs have become very crucial to Nigeria’s economic growth.

“Overall, my findings on the NIBs indicated that they are all trying their best with non-interest loans to support entrepreneurs, particularly the MSMEs owners. I have advised those of them at this seminar to explore the cost-friendly financing options of the NIBs to grow their businesses by opening accounts with the NIBs”, the expert added.

Another speaker at the event, Benjamin Chukwudi, also commended the NIBs for their “catalytic roles in helping SMEs to access interest-free loans and providing them the needed financial management advisory, which have been helping them in sustaining their operations in the face of rising cost of doing business in the country.”

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