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Signature Bank Reports N3.59bn Profit for 2025

Signature Bank Reports N3.59bn Profit for 2025

Signature Bank announced a profit of N3.59 billion for the financial year ending December 31, 2025, a substantial increase from N726 million in 2024. The bank's gross earnings surged by 94.5% to N24.99 billion, while total assets grew to N224.7 billion, and customer deposits increased to N170.8 billion.

The bank achieved a notable improvement in operational efficiency, with its cost-to-income ratio improving from 92% to 66%. Shareholder equity strengthened to N25.2 billion.

During the bank's 4th Annual General Meeting, Chairman Tijjani Borodo described the 2025 financial year as a defining period, highlighting the bank's resilience and disciplined execution amidst challenging macroeconomic conditions. Managing Director and Chief Executive Officer Nixon Iwedi emphasized the impact of the bank's strategic focus on operational efficiency, prudent risk management, and customer-centric service delivery.

Signature Bank reaffirmed its commitment to strong corporate governance and long-term value creation for its stakeholders.

Plus234Feed summary based on reporting from This Day. Read the original report below.

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