AG Mortgage Bank Plc has recorded a 42 per cent increase in gross earnings to ₦4.93 billion in 2025 as the lender expanded its balance sheet and increased lending capacity amid inflation, high interest rates and exchange rate volatility.
The bank disclosed the results at its 2026 Annual General Meeting held virtually on September 25, where shareholders were told that profit before tax rose by 89 per cent to ₦1.38 billion, while profit after tax increased by 130 per cent to ₦1.06 billion.
Earnings per share also rose from ₦4.59 in 2024 to ₦10.55 in 2025.
The bank’s total assets increased by 48 per cent from ₦22.37 billion to ₦33.04 billion, while loans and advances grew by 44 per cent to ₦22.71 billion. Customer deposits rose by 14 per cent to ₦9.48 billion, with shareholders’ funds increasing by 17 per cent to ₦7.16 billion.
Chairman of the Board, Rev. Abel Amadi, said the performance reflected the bank’s ability to grow despite economic conditions that had placed pressure on housing affordability and access to long-term mortgage finance.
Managing Director and Chief Executive Officer, Ngozi Anyogu, said the growth in the loan book demonstrated the bank’s increased capacity to deploy funding into mortgage lending while maintaining credit discipline and portfolio quality.
A major component of the bank’s funding strategy was the ₦7.83 billion Mortgage Refinance and Investment Enhancement Facility, alongside continued access to Federal Mortgage Bank of Nigeria funding for qualifying National Housing Fund lending.
Anyogu said the funding arrangements had strengthened the bank’s capacity to participate in programmes aimed at widening access to housing finance and increasing the number of Nigerians able to access mortgage facilities.
The bank said its product development strategy was also focused on supporting affordable and liveable housing, with technology, strategic partnerships and customer reach identified as priorities under its Project Momentum 2030 agenda.
Management said risk controls had been strengthened during the year, particularly in credit quality, liquidity, enterprise risk and regulatory compliance. Its credit risk approach also incorporates forward-looking assessments of macroeconomic conditions in line with IFRS 9 requirements.
The board recommended a final dividend of ₦50 million, representing ₦0.50 per share, while retaining capacity to fund further growth.
The bank, which marked 21 years of operations in 2026, said its next phase would focus on expanding its mortgage business, improving efficiency, increasing customer reach and creating sustainable value through technology and strategic partnerships.
At the AGM, members of the Audit Committee, including Dr. Mark Chigozie, Mr. Monday Ubani and Engr. Eme Tasie, were reelected.