TAJBank Limited, one of Nigeria’s foremost non-interest banking services providers, has bagged an A1 ranking from the Agusto & Co and Datapro rating agencies.
This is according to a statement by the bank’s CEO, Hamid Joda.
Mr Joda said that the ratings were in the credit risk and operational resilience assessment scorecards, making it among the best-rated in the nation’s non-interest banking (NIB) space.
He said that the latest ratings of TAJBank represented a notch up from BBB+, which Agusto & Co rated it about two years ago.
He said it was attributed to the bank’s high-quality balance sheet and robust earnings ratios in 2025.
“In spite of the prevailing economic whirlwinds in the country, TAJBank is noted to have leveraged its operational efficiency and customer-focused world-class services.
“The improved rating is a clear demonstration that TAJBank has been prioritising necessary risk management and operational controls.
“It has done that with a clear focus on quality processes relating to first-class standards, management, and administration lifecycle,” he said.
He said that the latest ratings by these reputable agencies had, again, validated the management’s commitment to world-class standardisation of the bank’s operations.
According to him, this is especially true in terms of innovative, real-time, tech-powered services and sustainable risk management for our growing customers.
“As we have consistently maintained, our primary goal is to deploy world-class operational standards and services to protect the interests of our customers. This is 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 are sending to our customers, investors and stakeholders is that with TAJBank, they can rest assured of the safety of their investments and transactions.
“They can also be assured of the readiness of the bank’s management to grow their businesses and support their individual socio-economic wellbeing,” Mr Joda said.
In his remarks on the ratings, the bank’s executive director, Sherif Idi, said that the A1 ratings had reaffirmed TAJBank’s management’s unwavering commitment to best practice standards.
According to Mr Idi, this is achieved through prioritising investment in human capital, innovative technologies, and branch network expansion.
“This is to consistently make our bank the preferred choice for customers in the NIB subsector of the banking sector,” he said.
(NAN)