Abbey Mortgage Bank’s PBT rises to N3.13bn for 2025 FY

Banks
Banks

Abbey Mortgage Bank Plc has reported a profit before tax (PBT) of N3.13 billion for the financial year ended December 31, 2025, driven by strong growth in its core earnings and its continued commitment to increasing shareholders’ value.

The bank’s audited financial results submitted  to the Nigerian Exchange (NGX) showed that profit before tax increased significantly to N3.13 billion compared to N1.23 billion in 2024, while profit after tax rose to N2.16 billion, compared to N1.07 billion in the previous year.

The Bank Gross Interest Income grew by 58.7 per cent year-on-year to N18.97 billion, driven largely by income from cash and short-term funds as Earnings Per Share (EPS) increased to 21 kobo, up from 11 kobo in 2024.

Customers’ deposits increased to N79.63 billion from N53.90 billion in 2024.

Commenting on the results, the Managing Director, Abbey Mortgage Bank Plc, Mobolaji Adewumi, said: “The bank remained focused on its principal activity of providing premier mortgage and banking services to the Nigerian public.”