TAJBank Limited, one of Nigeria’s leading financial institutions and the second non-interest bank, recorded more milestones in its second year of operations with its profit before tax (PBT) surging to N1.6 billion in FY2021, representing 433% improvement over the preceding year’s profit. In the period under review, the bank recorded positive indicators which showed the remarkable growth that the nascent bank continues to achieve. The bank’s financial results showed a rise in its balance sheet figure from N50 billion in FY2020 to N110 billion in the FY2021 recording a 122% growth. The bank also achieved a leap in shareholders’ funds during the year which also marked some great improvements for the Bank’s financial results coming from the previous year. Speaking on the financial results, the Managing Director/CEO, Mr. Hamid Joda, noted that “since commencing operations two years ago, TAJBank has continued to record giant strides in the financial services industry.

Source: Nigerian Tribune May 29, 2022 07:52 UTC