Business
Innovation, quality service earned TAJBank industry award – Customers, Others
Scores of TAJBank Limited’s customers and other industry analysts from across the geo-political zones of the country have linked the award conferred on TAJBank Limited, Nigeria’s most innovative non-interest bank, by the Leadership Media Group as well deserved based on the lender’s innovativeness and quality financial services since its inception.
The Leadership Media Group’s management had stated that TAJ Bank emerged the winner of the ‘Banker of The Year Award 2020’ award for its trail-blazing services, innovative products and remarkable growth recorded across key performance indicators in its financial statements in the year under review.
Commenting on the conferment of ‘Bank of The Year Award’ on the bank, the Regional Business Development Manager, Sigma Alliance Limited, a leading Information and Technology (IT) company, Mrs. Oluwatoyin Abel, recalled her satisfactory banking experiences in the bank, describing its financial services as exceptional.
She said: “I have had the rare privilege of being part of the TAJBank family and have witnessed how intentional they are with customer satisfaction by providing exceptional services. I am very optimistic that this award is the first of many more.”
Speaking about his experiences with the bank, one of the bank’s customers, Mallam Sulaimon Usman, said: “The services of the bank are very apt, very up to date. I think I should congratulate TAJBank’s board and management for the innovation the bank has brought to the nation’s banking system. The bank’s customer service is very superb.”
“I think I will congratulate the bank for the recognition and I hope they will consolidate on that feat”, Usman added. In a similar tone of commendation, the Executive Director, Leaders Corporate Services, a brand management and media relations consulting firm, Mrs. Stella Collins, described the bank’s award as a “confirmation of TAJBank as the champion of the new normal in non-interest banking in Nigeria and unparalleled commitment to customer-friendly financial services.
Another customer, Mrs. Roseline Abari, recalled that she knew the bank through the information sourced from its billboards on school fees payment and other interest-free services and financing.
According to her, the frustrations she had been experiencing with the payment of her children school fees in foreign countries ended when she got to TAJBank and “got real time, customer-friendly service that makes me so fulfilled.”
“To my greatest surprise when I came to TAJBank, it took me just two working days to get done what I couldn’t do in my former bank at a huge cost in six weeks and I was so amazed”, she added.
On the award, Abari said: “As a matter of fact, TAJBank’s services are very good and I think they deserved the ‘Bank of The Year’ award based on the officials’ friendliness and professionalism. I will say that because of my own personal experience.”
A financial expert, Mallam Shehu Abdulkadir, who also shared his views on the said: “TAJBank is being recognized everywhere for financial service excellence. So, the Leadership Newspaper’s award to the bank is well deserved.
“In just over one year of operations, the bank has become a reference point in innovative products and services delivery and prudential management of its investors’ funds such that last year, it reported the highest ever Earning Per Share (EPS) in Nigeria’s banking industry”, he recalled.
Business
TAJBank Emerges Nigeria’s Biggest Non-Interest Bank
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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