TAJBank, Nigeria’s most innovative non-interest bank has announced its feat of breaking even in nine months.
The bank’s CMO/Co-Founder, Mr Sherif Idi, who made the disclosure during the one year anniversary celebration noted that breaking even in nine months of operations was a remarkable feat and urged staff to maintain the same drive as the institution commences its 2nd year of operations.
He also commended the shareholders for their patience and trust in the brand and expressed delight that the bank will be paying dividends in its first year of operations.
In its one year of operations, the bank has achieved several milestones, the launch of TAJXpress, (Agency Banking network) across the NE and NW states, establishment of TAJMall, Nigeria’s first ethical mall to critical acclaim with a focus on providing products and services to meet the evolving needs of customers across the country, appointment as Receiving Agent to several Federal Government parastatals and also recognised as the Best Islamic Bank Marketing and Growth Strategy (GIFA Awards 2020).
The bank recently announced a $5m facility grant from AFREXIM.
The COO/Founder TAJBank, Mr Hamid Joda, lauded the dedication, focus and commitment of staff in achieving several milestones throughout the year. He restated the banks 10/10 service mantra and urged staff to maintain the same zeal in preparing for its next year of operations to ensure that the institution continually offers the exceptional service to customers that it has become well recognised for.
In attendance, during the one year anniversary celebration were members of the board of directors, executive management as well as members of staff.
The occasion was an opportunity for the Bank to also reward pioneer staff and other outstanding employees.
Board Member, Habib Alkali, representing the Chairman Board of Directors Tanko Isiaku Gwamna, reiterated the firm commitment and support of the Board in the realisation of the Bank’s vision, saying employees who had shown exemplary conduct would be assured of appropriate rewards to motivate them.