TAJBank Limited has secured A1 credit ratings from leading rating agencies Agusto & Co and Datapro, reinforcing its standing as one of the strongest players in Nigeria’s non-interest banking (NIB) segment.
The A1 ratings for credit risk and operational resilience mark a significant upgrade from the Bbb+ score previously assigned by Agusto & Co about two years ago. The improved assessment was attributed to the bank’s high-quality balance sheet, strong earnings ratios and enhanced operational framework in the 2025 financial year.
Despite Nigeria’s challenging economic environment, TAJBank demonstrated resilience through operational efficiency and customer-focused services. Analysts noted that the upgrade reflects the lender’s disciplined management approach and growing influence within the non-interest banking space.
Speaking at a banking stakeholders’ event in Abuja, the Founder and Chief Executive Officer, Hamid Joda, described the ratings as validation of the bank’s commitment to global best practices and sustainable growth.
He said the latest ratings affirm management’s dedication to innovative, real-time, technology-driven services and robust risk management for its expanding customer base.
“The message these latest best ratings by Agusto & Co and Datapro of our bank is sending to our customers, investors and stakeholders in the non-interest banking space is that with TAJBank, they can rest assured of the safety of their investments and transactions,” Joda said.
Also reacting, the bank’s Executive Director, Sherif Idi, said the ratings reflect deliberate investments in human capital, technology and branch network expansion.
He noted that the A1 ratings reaffirm TAJBank’s commitment to best practice standards and position it as a preferred choice for customers in the NIB subsector.
Industry observers said the upgraded ratings align with the bank’s steady expansion, strong governance culture and continued efforts to deepen financial inclusion across Nigeria.
