A non-interest banking service provider in Nigeria, TAJBank, has made the most earning per share in 2020, according to reports.
According to the Nigerian Investment Promotion Commision, TAJBank recorded the highest earning per share growth rate in the country’s banking industry, with its shareholders earning N11.82 per N1.00 share, representing an appreciation of 1,182 per cent.
“The impressive performance is coming despite the devastating impact of the Coronavirus Disease on the glonal economy,” NIPC stated.
A report of the bank’s financial statement shows that TAJBank’s total assets increased from N9.2bn in 2019 to N50bn in 2020 which suggested a shift of 443 per cent.
Another financial report of the lender reflects a growth of 1,495 per cent, while its network agency, TAJExpress, recorded over 3,000 agents during its first year of operation.
The founder and Chief Operating Officer, Hamid Joda, remarked, “This indicates that we have received such a massive amount of support and encouragement from various bodies and individuals.
“W assure our customers that we will continue to explore the business landscape to consistently deliver on our mission to provide the best of goods and services to the customers.”
Similarly, Co-founder and Chief Marketing Officer, Sherif Idi, said, “We are delighted with the satisfaction rate and feedback we have received so far on TAJBank, a thought leader in the increasingly dynamic non-interest banking sub-segment of the banking industry.”
Inflation in Nigeria currently stands at 18.17 per cent and has been growing by an average of over one per cent month-on-month, and every sector of the economy is feeling its impact.
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