Tatum Bank reported a profit before tax of N1.7bn in its first year of operations, supported by early investments in digital banking and compliance with regulatory capital requirements.
The bank, which commenced operations a year ago, said in a statement that it has established a foundation for growth despite high pre-operational costs, while expanding its presence in Nigeria’s banking sector.
It disclosed that it met the recapitalisation requirements set by the Central Bank of Nigeria, strengthening its capital base and positioning for long-term operations.
As part of its digital strategy, the bank introduced a range of services, including a mobile banking application, debit cards, corporate internet banking, and an expanding point-of-sale network targeting individuals, small and medium enterprises, corporates, and institutions.
Tatum Bank also said it was named a finalist at the Infosys Finacle Innovation Awards 2026 in the “Transformation Excellence – Core Banking Transformation” category.
Speaking on the performance, the Managing Director, Niyi Adeseun, said the bank navigated both challenges and opportunities in its first year.
“Our first year has been both challenging and rewarding. Despite significant pre-operational investments, we achieved a Profit Before Tax of ₦1.7bn in 2025, a testament to the strength of our strategy, the dedication of our team, and the trust of our customers. We have built not just a bank, but a platform for growth, innovation, and inclusion,” he stated.
He added that the bank would continue to prioritise secure and seamless banking services while expanding its digital capabilities and promoting financial inclusion.
“Tatum Bank is committed to remaining a safe haven for our customers by continuously delivering secure, seamless, and innovative banking solutions. As we look ahead, our focus remains on scaling our digital capabilities, deepening financial inclusion, and creating sustained value for all stakeholders,” Adeseun added.
The bank said its operations are anchored on corporate governance, technology-driven processes, and customer-focused service delivery.
It expressed plans to expand its footprint and support businesses as it enters its second year of operations.
