Non-interest banking services provider, TAJBank Limited, has been A1 in credit risk and operational resilience assessment scorecards by Agusto & Co and DatapPro rating agencies, making it one of the best rated in Nigeria’s Non-Interest Banking space.
According to a statement on Sunday, the non-interest lender said that the latest ratings of TAJBank represented a notch up from Bbb+, which Agusto & Co rated it about two years ago, and was attributed to the bank’s high-quality balance sheet and robust earnings ratios in the financial year 2025.
The PUNCH reports that as of the first half of 2025, TAJBank Limited emerged as the leader in the non-interest banking subsector of the financial sector, as its total assets crossed the N1tn mark to settle at N1.02tn.
The credit rating agencies said that despite the prevailing economic whirlwinds in the country, TAJBank leveraged its operational efficiency and customer-focused world-class servicesto climb higher on the ladder of best practice principles in ethical banking in the country.
Commenting on the latest feat of the bank during an interactive chat with journalists at the sidelines of a banking stakeholders’ event on Friday in Abuja, the Founder/Chief Executive Officer, Mr Hamid Joda, described the improved rating by Agusto & Co and Datapro as a clear demonstration that TAJBank had been prioritising necessary risk management and operational controls, with clear focus on quality processes relating to first class standards, management, and administration lifecycle.
Joda said, “TAJBank Limited’s latest ratings by these reputable agencies have again validated the management’s commitment to world-class standardisation of the bank’s operations, especially in terms of innovative, real-time, techno-powered services and risk management for our growing customers on a sustainable basis.
“As we have consistently maintained, our primary goal is to deploy world-class operational standards and services to protect the interests of our customers with a view to surpassing their expectations and retaining TAJBank at the leading edge of the NIB subsector on a sustainable basis.
“The message these latest best ratings by Agusto & Co and Datapro of our bank is sending to our customers, investors and stakeholders in the non-interest banking space is that with TAJBank, they can be rest assured of the safety of their investments, transactions and readiness of the bank’smanagement to give all that it takes to grow their businesses and support their individual socio-economic wellbeing come rain or shine.”
In his remarks on the ratings, the bank’s Executive Director, Mr Sherif Idi, added, “The A1 ratings by Augusto & Co and Datapro, the foremost ratings agencies in the country, have reaffirmed TAJBank’s management’s unwavering commitment to best practice standards through prioritization of investment in human capital, innovative technologies and branch network expansion to consistently make our bank the preferred choice for customers in the NIB subsector of the banking sector.”
Industry analysts believe that the upgraded ratings of TAJBank are well deserved given its impressive imprint in the nation’s NIB landscape over the past few years, particularly the management’s sustained drive to deepen financial inclusion at the grassroots.
