• Sat. Oct 1st, 2022

TajBank will launch a mobile banking application

ByCindy J. Daddario

Aug 24, 2022

Managing Director of TajBank Ltd, Mr. Hamid Joda, said the bank is set to launch a digital banking app to attract more customers to its platforms as it seeks to expand its operations nationwide.

He revealed this yesterday in Abuja during a courtesy visit to the bank’s headquarters by the management of Media Trust Group.

He said: “We are launching our digital bank; it is the first of its kind in Nigeria and it was developed locally by young Nigerians. The features we have on it can rival any other digital bank in the world. We are presenting it to the public, hopefully in September or October, as we await certain regulatory approvals. The digital bank is primarily aimed at young people and we need the media to tell the story. »

Joda said the bank has recorded some exploits in the Nigerian market despite the disruptions caused by COVID-19

“2019 was a difficult year as we rose to the challenge of COVID-19. For a startup, it was an extremely difficult year, but thank God, we overcame the challenges and we reached the break-even point in 8 months of existence. Other than that, we were able to mop up operating expenses in our first year of business and we also made a profit in the first year, which is quite unusual in the banking industry. »

He also said the bank was able to increase its balance sheet from N50 billion to N140 billion. He revealed that the bank will launch the N100bn SUKUK program soon.

Group Managing Director, Media Trust Group, Mounir Haliru Gwarzo, said the company is ready to partner with the bank to promote its business.