TAJBank earns highest credit rating in NIB sector

TAJBank Limited, one of Nigeria’s leading non-interest banking service providers, has again set a record with a BBB+ rating by the foremost rating agency, Agusto & Co.

This makes it the best-rated in the nation’s non-interest banking (NIB) space.

According to a statement by the founder and Chief Executive Officer (CEO) of TajBank, Hamid Joda, the latest rating is a notch up from the bank’s previous rating.

Joda said that it came in recognition of the bank’s high-quality balance sheet and robust earnings capacity.

He described the improved rating by Agusto & Co. as a clear demonstration that TAJBank has continued to prioritise necessary risk management and operational control.

“The latest rating of TAJBank by the reputable agency has, once again, confirmed the management’s commitment to world-class standardisation of the bank’s operations.

“Especially in terms of ensuring high operational standards and service provisions for our growing customers on a sustainable basis,.

“As we have consistently assured our customers and industry regulators, our primary goal is to deliver cutting-edge quality and operational systems and services, as well as protect the interests of our customers.

“By so doing, retain TAJBank as the leader in the NIB subsector of the banking system and make it the preferred choice for value-conscious customers in non-interest banking services in Nigeria and globally.

“Our message to our current and potential customers is that with TAJBank, they can rest assured of the safety of their transactions.

“TAJBank is ready to support their business and other endeavours in line with our operational mantra, which says our interest is only the customer," he said.

The bank’s Executive Director, Sherif Idi, said that the latest ratings reaffirmed TAJBank as a system- and operational-conscious and standard-drive non-interest lender.

“Today, TAJBank remains at the leading edge of the NIB sub-sectoral market and is determined to retain this position in the years ahead by prioritising investment in human capital and innovative technologies and solutions.

“By doing so, we will continue to serve our customers better and add value to businesses or socioeconomic well-being," he said.