TAJBank’s gross earnings hit N32bn, pays dividends in half yr – CEO — Day by day Nigerian
TAJBank Limited gross earnings for half yr (June) 2024 has hit N32.8 billion from N17 billion recorded in 2023 monetary yr, the financial institution’s Chief Executive Officer, Hamid Joda, says.
Mr Joda mentioned in a press release in Abuja on Monday, that the quantity represented 93 per cent improve over the previous yr’s earnings.
He mentioned that the financial institution additionally paid 10 per cent money as interim dividend to its shareholders within the half yr beneath assessment, following the approval of the monetary statements by the Central Bank of Nigeria, CBN.
Mr Joda mentioned that shareholders’ fund additionally rose from N5 billion in 2019 to over N53 billion in June 2024, representing 960 per cent progress within the buyers’ fund.
According to him, the fee of the second tranche of dividends to our shareholders barely 4 years of TAJBank’s operations is historic.
”This is the primary time such a feat is recorded within the over 100 years of banking companies in Nigeria.
”With this milestone, the financial institution’s board and administration are telling buyers in Nigeria and outdoors the nation that TAJBank will constantly add worth to their investments.
”We will proceed to reward them for his or her confidence in our financial institution, not solely financially, but additionally in creating alternatives for them to develop their companies and enhance their wellbeing,” he mentioned.
The financial institution’s Executive Director, Sherif Idi, mentioned that the monetary efficiency within the half yr 2024 demonstrated the financial institution’s resilience and its administration’s zeal for excellence in all areas of its operations.
”Let me emphasise right here that we’re very grateful to all of the shareholders and urge them to at all times assist the board and administration of their sustained efforts to rework TAJBank to the foremost non-interest financial institution in Africa,” he mentioned.
The News Agency of Nigeria experiences that TAJBank had in 2022 (Financial Year) raised its earnings per share from N31.06 kobo to N65.40k per share, indicating 114.56 per cent on improved returns on investments.
NAN
