TAJBank Unveils Future Growth Plans At 3rd AGM
- Thrills over National bank licence
BY COBHAM NSA – Basking in their impressive financial and other operational performance indices since its debut as a non-interest bank in Nigeria two years ago, the Board and Management of TAJBank Limited has unveiled plans for continuous and sustainable growth in the years ahead.
According to the Managing Director and Chief Executive Officer of the bank, Mr Hamid Joda, the non-interest lender’s encouraging showing over the last 24 months is based on innovativeness in key areas of customer-centric service delivery powered by world-class technologies and solutions; human resource capacity building; and shareholders and customers’ growing confidence.
In his presentation to the Bank’s 2022 Annual General Meeting (AGM) held in Abuja on Wednesday, Mr Joda specifically listed the key objectives considered critical in charting the roadmap and transforming TAJBank into an industry leader in the coming years.
He highlighted the key areas to include securing a license to make TAJBank a national bank by the second quarter of 2022; and promoting financial inclusion by leveraging various channels and touch points, especially through the bank’s electronic platforms.
Additionally, the seasoned banker told the shareholders that one of the main objectives was to ensure TAJBank is “recognized as the market leader in the non-interest industry in Nigeria” while expanding “its branch network across state capitals/major commercial centers in Nigeria to offer non-interest banking product and services to the understand markets.”
Joda also spoke on plans to grow the bank’s agency network to 100,000 agents by 2025, thereby reducing the financial exclusion rate; and to transform TAJBank into a leading digital bank in the country before the end of this year.
“Our success in 2021 demonstrates that we not only kept our commitment to our stakeholders, but we are growing in a sustainable manner so that we can continue to enhance value to society while also generating the revenue our shareholders will appreciate”, he said.
For the Chief Executive Officer, TAJBank will constantly improve its “operations so that we can respond to our clients’ ever-changing needs in their daily lives more efficiently and effectively.
“We are also pushing ourselves further beyond our comfort zones to provide a viable financial platform for all our stakeholders.”
Speaking earlier, the Bank’s Chairman, Alhaji Tanko Gwamma, expressed happiness that the financial institution attracted and retained more customers, even as its risk asset base recorded exponential growth.
He said TAJBank is committed to achieving the required regulatory metrics, as well as pursuing strong growth in its balance sheet items, amongst other positive indices.
“I am delighted to inform you that the future of the Bank is outstandingly bright and beautiful. We are confident to state that our exceptional service delivery, robust technological deployment, and responsive operational system yielded the excellent performance we have recorded so far”, Gwamma said.
