Celebrates 32nd AGM
Abbey Mortgage Bank, a leading Nigerian mortgage institution, has celebrated its 32nd Annual General Meeting (AGM) with impressive financial results and a dividend payout to shareholders.
The AGM, themed “Agile Tenacity,” was held at the bank’s Victoria Island Head Office and saw active participation from shareholders and management, with many stakeholders joining online.
Despite economic challenges, Abbey Mortgage Bank reported a pre-tax profit of N951 million, up from N827 million in 2022.
This marks the fourth consecutive year of profit growth, highlighting the bank’s robust financial health and strategic foresight. Shareholders expressed delight at the announcement of dividend distribution, the first in several years.
MD/CEO Mobolaji Adewumi emphasized the bank’s commitment to innovation and collaboration, stating, “Abbey will continue to partner with developers, help people acquire homes, and work with the government to make home ownership more affordable.” With a clear vision for transformation and growth, Abbey Mortgage Bank is poised to achieve new heights, enhancing value for shareholders and contributing significantly to the Nigerian mortgage industry.
