Kayvee Microfinance Bank has shared its financial results for 2025, showing impressive growth. The bank made a profit before tax of N1.01 billion, which is a big increase from N371 million in 2024. This growth is due to the bank expanding its operations and becoming more efficient. The bank's interest income also rose significantly to N3.10 billion from N954.8 million the previous year, and the profit after tax reached N687.8 million, up from N227.9 million in 2024. This indicates that the bank is becoming more profitable. Additionally, the bank's total assets grew to N12.45 billion from N6.65 billion, and customer deposits increased from N5.25 billion to N10.01 billion, showing that more customers trust the bank and are using its services. Loans given to customers also rose to N5.87 billion, up from N3.27 billion, which highlights the bank's focus on helping its clients. The bank's Managing Director, Mrs. Olatoun Ogunnaike, noted that the results show strong growth, with profits increasing by over 160%. She mentioned that the growth in interest income is a result of more loans being issued and better performance overall. The bank's Chairman, Mr. Adebayo Ibileke, mentioned that they moved their head office to a new location in Oshodi, Lagos, to better serve their customers. A Non-Executive Director, Mr. Ayoku Liadi, praised the bank's growth under the current management team, which was appointed in 2023.
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