TAJBANK GROWS PRE-TAX PROFIT TO N11BN
The profit before tax of TAJBank, one of the non-interest banks in Nigeria, grew by 122 per cent to N11.3bn in 2023. In the non-interest banking segment of the financial sector, that was the highest PBT recorded so far for 2023. TAJBank’s gross earnings jumped by 149.13 per cent to N43.16bn in 2023 from N17.32bn in the previous year as its balance sheet figures appreciated by over 144 per cent to N518.34bn in 2023. Its shareholder’s funds during the year ballooned 114.07 per cent to N41.83bn from N19.54bn in the prior period.
Commenting on the bank’s FY 2023 financial results, the founder and Chief Executive Officer of TAJBank, Hamid Joda, attributed the performances in key indicators to the management’s proactive strategies and service delivery innovation. The co-founder and Executive Director, Sherif Idi, added that these key financial performance indicators demonstrate TAJBank's zeal for excellence.
TAJBank, which recently won the Islamic Finance News’ Best Islamic Bank in Nigeria 2023, is one of the four Central Bank of Nigeria licensed non-interest banks in the country.
The profit before tax of TAJBank, one of the non-interest banks in Nigeria, grew by 122 per cent to N11.3bn in 2023. In the non-interest banking segment of the financial sector, that was the highest PBT recorded so far for 2023. TAJBank’s gross earnings jumped by 149.13 per cent to N43.16bn in 2023 from N17.32bn in the previous year as its balance sheet figures appreciated by over 144 per cent to N518.34bn in 2023. Its shareholder’s funds during the year ballooned 114.07 per cent to N41.83bn from N19.54bn in the prior period.
Commenting on the bank’s FY 2023 financial results, the founder and Chief Executive Officer of TAJBank, Hamid Joda, attributed the performances in key indicators to the management’s proactive strategies and service delivery innovation. The co-founder and Executive Director, Sherif Idi, added that these key financial performance indicators demonstrate TAJBank's zeal for excellence.
TAJBank, which recently won the Islamic Finance News’ Best Islamic Bank in Nigeria 2023, is one of the four Central Bank of Nigeria licensed non-interest banks in the country.