Abbey Mortgage Bank Declares N1.22 Billion Dividend

Abbey Mortgage Bank Plc announced a dividend payout of N1.22 billion, equivalent to 12 kobo per ordinary share, during its 34th Annual General Meeting (AGM). The meeting emphasized the bank's commitment to sustainable growth and long-term value creation for shareholders.

Key resolutions approved by shareholders included additional capital raising and the declaration of the dividend. Mobolaji Adewumi, the Managing Director and CEO of Abbey Mortgage Bank, highlighted the bank's focus on improving value delivery to shareholders while maintaining a balance in rewarding investors.

The bank aims to eliminate traditional barriers in financial services through a seamless, digit-driven banking experience. The AGM also reviewed the bank's performance and strategic direction for the future, reinforcing its commitment to deepening financial inclusion and driving innovation within the Nigerian banking industry.