Abbey Bank Plc to Launch Commercial Banking in 2026

Abbey Bank Plc is set to commence commercial banking operations in the fourth quarter of 2026, marking a significant milestone in its evolution. The bank is enhancing its institutional capabilities, refreshing its brand identity, and improving its digital infrastructure to serve a wider range of customers in retail, business, and corporate banking.

Mr. Mobolaji Adewumi, Managing Director/Chief Executive Officer of Abbey Bank Plc, stated that this transition is a testament to the confidence placed in the bank by regulators, shareholders, customers, and employees. The bank's transformation is built on over three decades of experience in mortgage banking and real estate finance, aiming to make banking more accessible and relevant to individuals and businesses.

In 2025, Abbey Bank recorded a pre-tax profit of N3.12 billion, up from N1.22 billion in 2024, providing a strong foundation for its upcoming commercial banking responsibilities. The bank is also focusing on technology integration and operational process improvements as part of its preparations.