Abbey Mortgage Bank Plans Repositioning, Records N662 Million Profit

For the financial period of 2021, Abbey Mortgage Bank has recorded a profit of N622 million and N354 million after tax.

The bank has also revealed that it is on a transformative course toward repositioning the bank to meet the demands of contemporary times.

According to a statement, the bank started the year at a share price of N1.04 and gained 63.5 per cent on the initial price valuation, leaving its share price at N1.70 as of September 7, 2022.

Speaking about the performance, the Bank’s Executive Director, Treasury and Business Growth, Oladipupo Adeoye, said, “The growth we have seen in the last two years is a product of the collective hard work of our people and we will continue with the same zeal to make the bank the very first choice in our subsector and the financial services industry at large.

“With the success of our 30th Annual General Meeting, which held on July 19, 2022, our long-anticipated Abbey at 30 Breakfast Panel Session with industry stakeholders, taking place in November, and back-to-back End-of-year activities lined up, we fully expect to bow out of the year 2022 with a resounding success.”