AG Mortgage Bank Sees 42% Earnings Growth in 2025

AG Mortgage Bank Plc announced a significant financial performance improvement at its 2026 Annual General Meeting held via Zoom on September 25. The bank's gross earnings surged by 42% to ₦4.93 billion in 2025, up from ₦3.47 billion in the previous year.

Profit before tax increased by 89% to ₦1.38 billion, while profit after tax rose by 130% to ₦1.06 billion, elevating earnings per share from ₦4.59 kobo to ₦10.55 kobo. Chairman Rev. Abel Amadi, PhD, noted these results were achieved despite a challenging economic environment characterized by inflation and high interest rates.

Total assets grew by 48% to ₦33.04 billion, and loans and advances increased by 44% to ₦22.71 billion. Managing Director and CEO Ngozi Anyogu emphasized the importance of loan book growth and the bank's efforts to broaden its funding base, including a ₦7.83 billion Mortgage Refinance and Investment Enhancement Facility.

The bank's strategy aligns with its Project Momentum 2030 agenda, focusing on sustainable housing finance.