ABBEY MORTGAGE BANK GROWS PROFIT BY 15%
Abbey Mortgage Bank’s pre-tax profit rose by 15 per cent year-over-year to N951m in 2023, from N827m in the prior period. This was stated in a release by the bank ahead of its 32nd annual general meeting, scheduled for May 30. The AGM will highlight the bank’s financial achievements in 2023, outline strategic goals, and engage with shareholders. Despite facing economic challenges, the bank maintained its strong profit trajectory and achieved record revenue for the fourth consecutive year. Discussions at the AGM will cover advancements in technology, customer-focused initiatives, and sustainable banking practices. The CEO, Mobolaji Adewumi, noted the bank’s resilience and excellence amid economic challenges.
Abbey Mortgage Bank’s pre-tax profit rose by 15 per cent year-over-year to N951m in 2023, from N827m in the prior period. This was stated in a release by the bank ahead of its 32nd annual general meeting, scheduled for May 30. The AGM will highlight the bank’s financial achievements in 2023, outline strategic goals, and engage with shareholders. Despite facing economic challenges, the bank maintained its strong profit trajectory and achieved record revenue for the fourth consecutive year. Discussions at the AGM will cover advancements in technology, customer-focused initiatives, and sustainable banking practices. The CEO, Mobolaji Adewumi, noted the bank’s resilience and excellence amid economic challenges.