AG Mortgage Bank Plc has reported a 42% increase in gross earnings to ₦4.93 billion for 2025, up from ₦3.47 billion in the previous year. Profit before tax rose by 89% to ₦1.38 billion, while profit after tax surged by 130% to ₦1.06 billion, increasing earnings per share from 4.59 kobo to 10.55 kobo. The bank's board attributed the performance to a strategy of expanding funding capacity, growing the balance sheet, and deepening commitment to sustainable housing finance. The disclosures were made at the bank's 2026 Annual General Meeting held via Zoom on September 25.
Related Articles
Don't miss out on breaking stories and in-depth articles.