AG Mortgage Bank Plc has announced a significant 48% growth in its total assets to N33.04 billion in 2025, up from N22.37 billion recorded in the previous year. This growth reflects the lender's continued expansion of its mortgage and funding operations. The bank's performance was driven by an increase in its loan portfolio and strengthened funding capacity, amid rising demand for housing finance in Nigeria.
The growth in assets was accompanied by a 44% increase in loans and advances to N22.71 billion from N15.82 billion, and a 195% surge in cash and cash equivalents to N6.96 billion from N2.36 billion. Customer deposits also increased by 14% to N9.48 billion from N8.31 billion, while shareholders' funds rose by 17% to N7.16 billion from N6.10 billion. These developments indicate a significant expansion of the bank's operations.
The Chairman of the Board of Directors, AG Mortgage Bank, Dr. Abel Amadi, emphasized the importance of sustaining the bank's growth trajectory while maintaining strong governance and risk management. He stated that the quality and sustainability of the bank's growth are as important as the growth itself. Dr. Amadi made these remarks in his address to shareholders at the bank's 2026 annual general meeting.
According to the bank's 2025 annual report, total liabilities increased by 59% to N25.88 billion from N16.26 billion. Despite this growth, Dr. Amadi assured that the Board remains committed to strengthening AG Mortgage Bank as an institution capable of delivering sustainable value to shareholders while fulfilling its important role in expanding access to housing finance in Nigeria.
The Managing Director/CEO of the Bank, Mr. Ngozi Anyogu, noted that the performance was driven by improved business volumes, stronger income generation, and continued attention to the quality of earnings. Anyogu acknowledged that the bank faced elevated funding costs, inflation, and reduced household purchasing power, but added that despite these operating challenges, the bank delivered a significantly improved financial performance.
The bank's growth is attributed to its continued focus on strengthening and diversifying its funding sources during the year. Dr. Amadi highlighted the importance of appropriately structured, long-term funding to mortgage banking. This strategic approach has enabled the bank to expand its operations and improve its financial performance.
The bank's performance reflects its commitment to delivering sustainable value to shareholders while contributing to the growth of the Nigerian economy. AG Mortgage Bank's expansion of access to housing finance is expected to have a positive impact on the country's housing sector. The bank's growth trajectory is expected to continue, driven by its focus on strong governance, risk management, and sustainable growth.
Key points
- AG Mortgage Bank Plc's assets grew by 48% to N33.04 billion in 2025.
- The bank's loan portfolio expanded by 44% to N22.71 billion.
- The bank's growth was driven by improved business volumes, stronger income generation, and attention to earnings quality.
