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TAJBank eyes national bank license

by Business News Report

The Board and Management of TAJBank Limited has highlighted indices to ensure its continuous and sustainable growth in the years ahead. This is according to a statement by the Managing Director of the bank, Mr Hameed Joda in Abuja. Joda said that the plans were highlighted at the bank’s Annual General Meeting (AGM) held in Abuja. According to him, TAJBank is encouraged by the impressive financial and other operational performance indices recorded since it debuted as a non-interest bank in Nigeria in 2020. Joda attributed the performance of the non-interest bank over the past two years to innovativeness.

He cited key areas of innovation as “customer-centric service delivery powered by world-class technologies and solutions, human resource capacity building and shareholders and customers’ growing confidence”. He said that objectives considered crucial to transforming TAJBank into an industry leader included securing a license to make TAJBank a national bank by the second quarter of 2022. “We will also be promoting financial inclusion by leveraging various channels and touch points, especially through the bank’s electronic platforms,” he said. Joda told the shareholders that one of their objectives was to make TAJBank gain recognition as the market leader in the non-interest industry in Nigeria.

“Another major strategy is to expand our branch network across state capitals and major commercial centres in Nigeria to offer non-interest banking product and services to the understand markets,” Joda said. He also spoke on plans to grow the bank’s agency network to 100,000 agents by 2025, thereby reducing the financial exclusion rate. “Our success in 2021 demonstrates that we not only kept our commitment to our stakeholders, but that we are growing in a sustainable manner. By so doing, we can continue to enhance value to society while also generating the revenue our shareholders will appreciate. We are constantly improving our operations so that we can respond to our clients’ ever-changing needs in their daily lives more efficiently and effectively. We are also pushing ourselves further beyond our comfort zones to provide a viable financial platform for all our stakeholders,” he said.

Also speaking, the bank’s Chairman, Alhaji Tanko Gwamma, reported that TAJBank attracted and retained more customers, and recorded exponential growth in its risk asset base. Gwamna said that the bank remained committed to achieving the required regulatory metrics, as well as pursuing strong growth in its balance sheet items, amongst other positive indices. “I am delighted to inform you that the future of the bank is outstandingly bright and beautiful. We are confident to state that our exceptional service delivery, robust technological deployment, and responsive operational system yielded the excellent performance we have recorded so far,” he said.

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