As part of its ongoing commitment to eliminate hunger among vulnerable persons in the society, Abbey Mortgage Bank, a leading primary mortgage bank in Nigeria, has distributed over 400 food packs to Kuramo community in Victoria Island, Lagos State. The donation is an initiative under the bank’s Corporate Social Responsibility initiative, tagged ‘Nourishing Communities’ conceived to reach out to vulnerable …

Abbey Mortgage Plc has continued to magnify earnings, surmounting inflationary shocks that allocate as the bank’s lower Non-Performing Loans (NPLs) its risk management strategies. The mortgage firm’s net profit rose by 11.79 percent to N856.26 million in December 2023 from N766.19 million as of December 2022. Interest income spiked by 49.27 per cent to N49.27 billion in December 2023 from N4.83 …