AG Mortgage Bank Plc reported a 48% increase in total assets to N33.04 billion in 2025, up from N22.37 billion in 2024, according to its annual report. The growth was attributed to an expanded loan portfolio, enhanced funding capacity, and strategic financial management. Rev. Abel Amadi (PhD), chairman of the bank’s Board of Directors, emphasized during the 2026 annual general meeting that the institution’s focus on
The bank’s 2025 financials revealed loans and advances rose 44% to N22.71 billion, while cash and cash equivalents jumped 195% to N6.96 billion. Customer deposits increased 14% to N9.48 billion, and shareholders’ funds grew 17% to N7.16 billion. However, total liabilities rose 59% to N25.88 billion. Amadi highlighted the importance of long-term funding structures for mortgage banking, stating the board remains committed to delivering sustainable value while addressing Nigeria’s housing-finance needs.
Ngozi Anyogu, managing director/CEO, credited the performance to improved business volumes, income generation, and earnings quality despite challenges like elevated funding costs and inflation. He noted the bank’s 21st-anniversary initiatives, including a revamped website, aimed at scaling operations. Anyogu also underscored the institution’s ability to maintain credit discipline while expanding mortgage lending, with gross earnings rising 42% to N4.93 billion and profit after tax surging 130% to N1.06 billion.
Looking ahead, AG Mortgage Bank plans to deepen its core mortgage business, diversify funding sources, and leverage technology and partnerships to enhance customer access. The growth underscores the bank’s role in Nigeria’s housing sector, where expanding financing options remains critical for economic development. Amadi reiterated the institution’s commitment to balancing profitability with its mandate to support affordable housing solutions.