By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Aa
  • Home
  • Real Estate
  • Property
  • Economy
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Mortgage bank increases profit by 25% ahead of 31st AGM
Share
Aa
Africa Housing NewsAfrica Housing News
Search
  • Home
  • News
  • Housing News
  • Economy
  • Real Estate
  • Construction
  • Mortgage
  • World
Follow US
Africa Housing News > Business > Mortgage bank increases profit by 25% ahead of 31st AGM
BusinessEconomyNews

Mortgage bank increases profit by 25% ahead of 31st AGM

By Author
Last updated: 2023/05/26 at 8:36 AM
By Author 6 months ago
Share
2 Min Read
Mortgage bank increases profit by 25% ahead of 31st AGM
Mortgage bank increases profit by 25% ahead of 31st AGM
SHARE

Abbey Mortgage Bank has announced its pre-tax profit increased by 25.14 per cent at the end of the 2022 financial period.

This was disclosed in a statement ahead of its 31st annual general meeting scheduled take place at the company’s in Lagos. Adding that, it would also hold virtually and be accessible through a secure online platform for attendees and members of the public that intend to observe, as the board and executive management reflect on the bank’s accomplishments.

AIHS2023
AIHS 2023

According to the Managing Director/Chief Executive Officer, Abbey Mortgage Bank, Mr Mobolaji Adewumi, said, “We are excited to convene with our esteemed shareholders for our 31st annual general meeting to provide details of our progressive journey over the past year and plans on what looks like an illustrious future for the banks, and you.

“Our committed shareholders, customers, and stakeholders. We look forward to sharing our accomplishments and future strategies and receiving valuable input from our shareholders.”

AIHS2023
AFRICA INTERNATIONAL HOUSING SHOW

“Despite the domestic and international economic challenges, the bank has continued its impressive profitable trajectory, generating record revenue for the third consecutive year in 2022 with a pre-tax profit of N827m, a 25.14 per cent rise from the 2021 position of N661m,” it said.

READ ALSO: Abbey mortgage Bank CEO sets to share the story of how the bank attained the best status in Nigeria mortgage sector

Abbey claimed it had increased its brand recognition with notable growth in its professional reputation and closed the year on a high with a BBB investment rating from Augusto & Co., a renowned credit rating agency.

Source: punch ng

You Might Also Like

COP 28: Lagos Waste Conversion Initiatives to Attract Foreign Investment

20th Annual Retreat: MBAN President Emphasizes Nigeria’s Resilience and Technological Shift

MBAN CEO’s Retreat: Dangiwa harps on historic Reforms for Housing Sector

CBN Directs Banks To Block All Accounts Not Linked To BVN, NIN

Attracting Investment, solving cost-of-Living crisis, Cornerstones of Budget – Tinubu

TAGGED: AGM, Mortgage, news, nigeria, Profit, trending news
Share this Article
Facebook Twitter LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Angry0
Surprise0
Leave a comment Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Popular News
News

Coronavirus: What FG Did Not Tell Nigerians About Three Shut Airports

Fesadeb Fesadeb 4 years ago
Fashola calls on estate surveyors to embrace digital innovation
Tribunal Throws Out Petition Against MultiChoice, Says Tariff Hike Is ‘Valid’
N523m Spent On School Feeding Programme During Lockdown – Farouq
Amazon’s Catherine Buell talks about what’s next for its $2 billion affordable housing effort
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

You Might Also Like

waste
NewsBusinessHousing News

COP 28: Lagos Waste Conversion Initiatives to Attract Foreign Investment

3 days ago
mban
NewsBusiness

20th Annual Retreat: MBAN President Emphasizes Nigeria’s Resilience and Technological Shift

3 days ago
housing
Housing News

MBAN CEO’s Retreat: Dangiwa harps on historic Reforms for Housing Sector

4 days ago
CBN Directs Banks To Block All Accounts Not Linked To BVN, NIN
News

CBN Directs Banks To Block All Accounts Not Linked To BVN, NIN

5 days ago
Hot News
NITP president address at the national press conference on 20th August, 2021 at NITP headquarters Abuja, Nigeria
Three Things Nigeria Can Do to Improve Access to Affordable Homes
“All those distorting the Abuja master plan must desist immediately- Wike makes first address as FCT minister
The Launch of Bilaad Development Trust: Addressing contemporary social issues within Nigeria through Education, Entrepreneurship, and Social Change Advocacy
[FULL LIST] President Tinubu Retires All Service Chiefs, IGP, Customs CG, Appoints New Chiefs

About US

Looking for the latest news on housing in Africa? Africa Housing News is the go-to source for anyone interested in staying informed. Sign up for our newsletter today to never miss a beat.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Africa Housing NewsAfrica Housing News
Follow US

© Africa Housing News. DOHGOW. All Rights Reserved.

  • Contact Us
  • About Us