TAJBank Secures A1 Rating from Agusto & Co, Datapro
One of Nigeria’s foremost non-interest banking service providers, TAJBank Limited, has secured an A1 rating from Agusto & Co and Datapro.
The Founder and Chief Executive Officer of TAJBank, Mr Hamid Joda, disclosed this in a statement, noting that the ratings were awarded under the credit risk and operational resilience assessment scorecards.
Joda said the development places the bank among the best-rated institutions in Nigeria’s Non-Interest Banking (NIB) space. He added that the latest A1 rating represents an upgrade from the Bbb+ rating assigned by Agusto & Co about two years ago.
According to him, the improved rating was driven by the bank’s high-quality balance sheet and robust earnings ratios recorded in the 2025 financial year.
He noted that despite prevailing economic challenges in the country, TAJBank leveraged operational efficiency and customer-focused, technology-driven services to strengthen its performance.
“The improved rating is a clear demonstration that TAJBank has prioritised necessary risk management and operational controls, with a strong focus on quality processes, management and administration lifecycle,” he said.
Joda added that the ratings reaffirm management’s commitment to global best practices, particularly in innovative, real-time, technology-powered services and sustainable risk management.
He assured customers, investors and stakeholders of the safety of their investments and transactions, stressing that the bank remains committed to supporting business growth and socio-economic wellbeing.
In his remarks, the bank’s Executive Director, Mr Sherif Idi, said the A1 rating underscores management’s dedication to best practice standards through continuous investment in human capital, innovative technologies and branch network expansion.
He added that these efforts are aimed at positioning TAJBank as the preferred choice in the non-interest banking subsector.
