AG Mortgage Bank Achieves 48% Asset Growth in 2025

AG Mortgage Bank Plc experienced a significant growth in total assets, rising by 48% to N33.04 billion in 2025 from N22.37 billion in 2024, primarily due to an expansion in its loan portfolio and enhanced funding capacity. Rev. Dr. Abel Amadi, Chairman of the Board of Directors, stated at the bank's 2026 Annual General Meeting that the focus would remain on sustainable growth alongside strong governance and risk management.

The bank's 2025 annual report indicated that loans and advances increased by 44% to N22.71 billion, while cash and cash equivalents surged by 195% to N6.96 billion. Customer deposits rose by 14% to N9.48 billion, and shareholders’ funds increased by 17% to N7.16 billion.

However, total liabilities climbed by 59% to N25.88 billion. Managing Director/CEO Ngozi Anyogu attributed the improved performance to higher business volumes and a focus on earnings quality despite economic challenges.

The bank also launched a revamped website to enhance operations as part of its 21st anniversary celebrations.