Abbey Mortgage Bank Reports N3.13bn Profit Before Tax
Abbey Mortgage Bank Plc reported a profit before tax (PBT) of N3.13 billion for the fiscal year ending December 31, 2025, a significant increase from N1.23 billion in 2024. The bank's profit before tax rose from N2.16 billion in 2024 compared to N1.07 billion in the previous year.
The bank's gross interest income grew by 58.7% year-on-year to N18.97 billion, largely driven by income from cash and short-term funds. Earnings per share (EPS) increased to 21 kobo from 11 kobo in 2024.
Customer deposits also saw an increase, rising to N79.63 billion from N53.90 billion in 2024. Mobolaji Adewumi, the Managing Director of Abbey Mortgage Bank Plc, emphasized the bank's focus on providing premier mortgage banking services to the Nigerian public.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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