• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

LivingTrust Mortgage Bank Posts N551m Profit In H1

by Bukola Aro-Lambo
2 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

LivingTrust Mortgage Bank Plc has posted a profit after tax of N551.3 million, representing a 30 per cent increase compared to N423.6 million recorded in the same period last year.

Advertisement

The unaudited financial statement for the period ended June 30, 2025, released on the Nigerian Exchange (NGX), showed that the bank saw a sharp rise in interest income, gains from treasury bills, and increased customer deposits, all of which boosted its earnings growth.

A breakdown of the result showed that gross earnings rose by 72.4 per cent year-on-year to N3.02 billion, compared to N1.75 billion in the corresponding period of 2024. Interest income on treasury bills grew to N342.8 million from N31.7 million in the same period last year.

Profit before tax stood at N562.5 million, up from 423.6 million in H1 2024, while basic earnings per share rose to 11.03 kobo, compared to 8.47 kobo in the previous year. Fee and commission income also rose sharply by 116 per cent to N86.9 million, up from N40.3 million, while other operating income jumped to N543.0 million, compared to N285.0 million recorded in the prior year. The surge in operating income was largely driven by foreign exchange trading and revaluation gains.

Despite the revenue growth, the bank’s operating expenses increased to N869.2 million in H1 2025 from N617.9 million in H1 2024. This was attributed to higher personnel expenses, which rose to N334.6 million, and other operating costs, which stood at N475.2 million.

RELATED

BREAKING: Emirates Airlines Resumes Flights To Nigeria October 1

Emirates Airline To Participate In Africa Tourism, Creative Economy Expo

1 hour ago
Tinubu Names Abubakar Dantosho MD Of NPA

NSC Boss Lauds Dantsoho On Election As IAPH Vice President

2 hours ago
ADVERTISEMENT

However, the lender saw a reversal in credit loss provisions, reporting a net write-back of N4.5 million, compared to a N125 million impairment charge in the corresponding period of 2024. The bank’s total assets rose to N28.88 billion as of June 30, 2025, up from N24.05 billion recorded at the end of December 2024.

Loans and advances to customers increased by 25 per cent to N17.57 billion from N14.02 billion, while customer deposits surged to N19.42 billion from N15.19 billion.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: LivingTrust Mortgage Bank Plc
SendShare10168Tweet6355Share
ADVERTISEMENT
Previous Post

Universal Insurance Shareholders’ Fund Hits N16.4bn

Next Post

10 Broking Firms Trade Stocks Worth N1.112trn In Q2

Bukola Aro-Lambo

Bukola Aro-Lambo

You May Like

BREAKING: Emirates Airlines Resumes Flights To Nigeria October 1
Business

Emirates Airline To Participate In Africa Tourism, Creative Economy Expo

2025/08/29
Tinubu Names Abubakar Dantosho MD Of NPA
Business

NSC Boss Lauds Dantsoho On Election As IAPH Vice President

2025/08/29
tinubu
Business

Capital Market Stakeholders Back Tinubu’s Reforms, Urge Companies To List On NGX

2025/08/29
FG Inaugurates National Building Code Advisory Committee
Business

FG Inaugurates National Building Code Advisory Committee

2025/08/29
TCN Receives 7 New Power Transformers In Lagos, To Boost Power Supply
Business

TCN Clarifies Onitsha Sub-region Incident, Denies Explosion Claim By Enugu DisCo

2025/08/29
FirstBank’s N1trn Digital Loan Disbursement Milestone And New Era Of Inclusive Lending
Business

FirstBank’s N1trn Digital Loan Disbursement Milestone And New Era Of Inclusive Lending

2025/08/29
Leadership Conference advertisement

LATEST

US Connecticut State Declares August 23 Ex-APC Presidential Aspirant’s Day

ADC, A Group Of Failed Politicians, Says PDP

Tinubu Can Still Be Competitive In 2027 If… – SDP Adebayo

2027: Igbo Free To Contest Presidential Election – Ohanaeze

ADC Tackles INEC Over New Voter Registration Figures

The Mawlid Debate

God First Ministry To Mark 36th Anniversary With Charity

NAN Berates Senator Adamu Over ICC Petition On Kaduna By-Election

Kaduna: Kidnap Ranking Report False, Mischievous – Commissioner

Okutepa, Idachaba And The New Igala Renaissance

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.