TAJBank Limited has solidified its position as Nigeria’s largest non-interest bank, recording total assets of over N1.017 trillion as of half-year 2025.
This was disclosed by investment expert and chartered stockbroker, Mr. Olabode Akeredolu-Ale, during a seminar organized by Leaders Corporate Services in Abuja on Wednesday. Themed “Roles of Non-Interest Banks in SMEs’ Financing,” the event brought together SME entrepreneurs and financial experts to explore ethical banking’s impact on small business growth.
According to Akeredolu-Ale, TAJBank’s asset base rose from N953.098 billion in December 2024 to N1.017 trillion by mid-2025, placing it about N53 billion ahead of its nearest competitor in the non-interest banking subsector.
He further revealed that the bank’s gross earnings jumped by 64%, from N32.86 billion in December 2024 to N53.752 billion in the first half of 2025, outperforming all other players in the sector.
On profitability, TAJBank also posted earnings per share of 61.36 kobo, representing about 92% higher returns than its closest rival during the same period.
“The figures I am presenting are sourced from verified regulatory institutions’ platforms, and they confirm TAJBank’s leadership in the NIB subsector,” Akeredolu-Ale said.
He emphasized that non-interest banks (NIBs) have become critical to Nigeria’s economic recovery, particularly for micro, small, and medium enterprises (MSMEs) struggling with high-interest rates from traditional deposit money banks (DMBs).
“The MSMEs can’t access DMBs’ loans due to harsh lending conditions. This is where non-interest banks are stepping in — offering ethical, cost-friendly financing options,” he explained.
Akeredolu-Ale encouraged entrepreneurs at the event to take advantage of the non-interest financing models provided by banks like TAJBank to grow their businesses and ensure sustainability.
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