Abbey Mortgage Commits To Profitability, Value To Customers

The management of Abbey Mortgage Bank has affirmed its commitment to maintaining a strong balance between profitability and sustainability  as it delivers value to its customers.

This was stated at the 31st Annual General Meeting of the bank where it underscored its unwavering commitment to fostering sustainable growth and practices within the banking industry. Themed “Excellence in Sustainable Leadership”, the AGM focused on its growth, highlighting the bank’s exceptional year on year performance and the unveiling of its visionary strategies for the future.

Abbey Mortgage Bank had, despite the domestic and international economic challenges, generated record revenue for the third consecutive year in 2022 with a pre-tax profit of N827 million, a 25.14 per cent rise from the 2021 position of N661 million.

The AGM, which showcased the bank’s dedication to excellence, growth performance, and future strategies which have contributed to its ongoing success, also focused on market trends, innovative banking solutions, and how to further enhance customer experience.

The management team emphasized their commitment to maintaining a strong balance between profitability and sustainability, aligning with the theme of the event. Shareholders of the bank also commended it for its outstanding achievements and recognition in 2022, hailing its awards; Best Mortgage Bank Brand from the Institute of Brand Management, Nigeria, and Best Mortgage Bank CEO from the Africa Housing Awards. These notable industry accolades serve as testaments to its exceptional performance and dedication to excellence.

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During the meeting, shareholders re-elected two esteemed individuals to the board: Brig-Gen John Obasa and High Chief Samuel Oni. Their valuable expertise and profound servitude to the bank’s mission will undoubtedly continue to enrich the bank’s strategic goals.

Abbey Mortgage Bank remains steadfast to its mission to being the leading mortgage bank out of Africa, by delivering exceptional financial solutions whilst championing sustainable practices.