AG Mortgage Bank Plc has reported a 48 percent growth in total assets to N33.04 billion in 2025, up from N22.37 billion in the previous year. This significant increase is attributed to the bank's strategic expansion of its loan portfolio and strengthened funding capacity. The growth in assets is a testament to the bank's ability to navigate the challenging operating environment and capitalize on emerging opportunities in Nigeria's housing-finance sector.
The bank's loan portfolio grew by 44 percent to N22.71 billion in 2025, up from N15.82 billion in the previous year. Additionally, cash and cash equivalents surged 195 percent to N6.96 billion from N2.36 billion. These impressive growth figures demonstrate the bank's increasing capacity to deploy funding into mortgage and other appropriate lending opportunities while maintaining credit discipline and portfolio quality.
Customer deposits at AG Mortgage Bank increased by 14 percent to N9.48 billion from N8.31 billion, while shareholders' funds rose 17 percent to N7.16 billion from N6.10 billion. However, total liabilities increased by 59 percent to N25.88 billion from N16.26 billion. The bank's managing director/CEO, Ngozi Anyogu, attributed the performance to improved business volumes, stronger income generation, and continued attention to the quality of earnings.
The bank's growth strategy is increasingly focused on building a larger, stronger, technology-driven, and customer-centric institution capable of serving Nigeria's housing-finance opportunity effectively and sustainably. Rev. Abel Amadi, chairman of the Board of Directors at AG Mortgage Bank, emphasized that the quality and sustainability of the bank's growth are as important as the growth itself. The bank's board remains committed to strengthening AG Mortgage Bank as an institution capable of delivering sustainable value to shareholders.
AG Mortgage Bank's financial performance was marked by stronger earnings, with gross earnings rising 42 percent to N4.93 billion in 2025 from N3.47 billion. Profit Before Tax (PBT) increased 89 percent to N1.38 billion, while profit after tax rose 130 percent to N1.06 billion from N458.7 million. The bank's response to the challenging environment was to focus on disciplined growth, strengthening its balance sheet, expanding funding capacity, and improving its ability to serve customers.
The bank is committed to deepening its core mortgage business, expanding housing-finance opportunities, diversifying its funding base, improving customer experience, and using technology and strategic partnerships to extend its reach. As part of its 21st anniversary celebrations, AG Mortgage Bank released a revamped website aimed at scaling its operations. The bank's growth strategy is built on appropriately structured, long-term funding to mortgage banking.
Looking ahead, AG Mortgage Bank is well-positioned to benefit from Nigeria's housing-finance needs. The bank's chairman, Rev. Abel Amadi, emphasized the importance of strengthening and diversifying funding sources to support the bank's growth strategy. With a focus on sustainable growth and strong governance, AG Mortgage Bank is poised to deliver value to its shareholders and play a significant role in expanding access to housing finance in Nigeria.
Key points
- AG Mortgage Bank's assets grow 48% to N33.04 billion in 2025.
- The bank's loan portfolio grows 44% to N22.71 billion in 2025.
- Profit after tax rises 130% to N1.06 billion in 2025.
