Abbey Mortgage magnifies earnings as lower NPLs validate risk management strategy
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 …