TAJBank has widened its lead in Nigeria’s non-interest banking segment, posting strong growth across key financial indicators in 2025 as the lender consolidated its position as the country’s largest ethical bank by assets and profitability.
The bank’s audited financial statements for the year ended December 31, 2025, showed a significant expansion in assets, earnings and shareholders’ funds, underscoring the increasing acceptance of non-interest banking products among retail and corporate customers and the growing role of ethical finance in Nigeria’s banking landscape.
TAJBank’s total assets rose to N1.34 trillion in 2025 from N953 billion recorded in the previous year, representing a 41 percent increase. Gross earning assets climbed by 81 percent to N847.71 billion from N467.38 billion in 2024, while total equity more than doubled to N149.23 billion from N61.25 billion, reflecting a 144 percent growth.
The lender also reported gross earnings of N132.56 billion, up 71 percent from N77.55 billion in the preceding year. Profit before tax increased by 74 percent to N31.56 billion from N18.17 billion in 2024, while its capital adequacy ratio stood at 30 percent, well above regulatory requirements.
