AG Mortgage Bank's Assets Surge 48% to N33bn in 2025

AG Mortgage Bank Plc announced a significant growth in total assets, which rose by 48% to N33.04 billion in 2025, up from N22.37 billion the previous year. This growth reflects the bank's expansion in mortgage and funding operations amid rising housing finance demand.

Dr. Abel Amadi, Chairman of the Board of Directors, stated that the bank aims to maintain its growth trajectory while ensuring strong governance and risk management. Key financial metrics included a 44% increase in loans and advances to N22.71 billion, a 195% surge in cash and cash equivalents to N6.96 billion, and a 14% rise in customer deposits to N9.48 billion.

Shareholders’ funds also grew by 17% to N7.16 billion. However, total liabilities increased by 59% to N25.88 billion.

Mr. Ngozi Anyogu, Managing Director/CEO, attributed the improved performance to higher business volumes and income generation despite challenges like elevated funding costs and inflation.