Abbey Mortgage Bank Reports N3.1 Billion Profit for 2025

Abbey Mortgage Bank published its audited financial statement for the year 2025, revealing a pretax profit of N3.1 billion, which represents a 154.32% increase compared to N1.2 billion in the prior year. This growth was primarily driven by interest income of N18.9 billion, with cash from short-term funds contributing N14.2 billion.

The bank's earnings per share increased to 21 kobo from 11 kobo the previous year. The financial statement indicated that total operating income reached N6.1 billion, while total operating expenses amounted to N3.04 billion, largely due to personnel costs and depreciation.

The bank's total assets grew to N165.8 billion, with financial investments making up 64.8% of the total asset base. Customer deposits drove the rise in total obligations to N155 billion.

Abbey Mortgage Bank's stock has delivered a strong return of 54% so far in 2026, although the company has not yet publicly reacted to its financial results.