TAJBank, one of Nigeria’s non-interest banking services provider, has recorded the highest earning per
share (EPS) in the nation’s banking industry with its shareholders earning N11.82 per share, representing
an appreciation of 1,182% on every N1 investment by them in the financial year 2020.
This is even as the lender reported N845 million Profit After Tax (PAT) in its first year of operations
ending December 2020 just as its other performance indices were upswing, demonstrating the
management’s superior financial competencies to create sustainable value for its various stakeholders.
The performance also lends credence to the success and market acceptance of the non-interest banking
model.
The bank’s impressive scorecard was posted during the financial year amid the devastating impact of the
COVID-19 pandemic on the global, and particularly Nigeria’s economic landscape.
Commenting on the bank’s impressive performance in its maiden year and capacity to break even within
nine months of operation, the Founder and Chief Operating Officer, Mr. Hamid Joda, said the feat “is
indicative that in this short period of business operations we have received such a massive amount of
support and encouragement from various bodies and individuals.
“Breaking even in nine months of operation is a laudable feat and we are appreciative of the enormous
support and encouragement that we have received so far. We assure our customers that we will
continue to ts explore the business landscape with a view to consistently deliver on our mission to
provide the very best of products and services to our customers”, Joda added.
The bank’s Co-founder and Chief Marketing Officer, Mr. Sherif Idi, also said: “In our business
environment, creating products and services that fully resonate with our customers while addressing
their needs is a priority.
