Abbey Mortgage Bank has said it recorded N830.4m profit before tax in its 2022 financial period.
The bank disclosed this in a statement to celebrate its 31st
anniversary.
It said, “Abbey ended 2022 with profit before tax of
N830.4m, a 26.62 per cent increase from 2021 and kicked off 2023 with a new
investment rating of A- from Data Pro, a reputable technology-driven credit
rating agency, having achieved a BBB- rating from Agusto & co. earlier in
2022.
“Offering innovative mortgage and investment solutions,
excellent customer experience and so much more is Abbey’s commitment to its
customers.”
The company said it turned 31 on March 11, 2023, and had
been providing exceptional services to customers and stakeholders since 1992.
Over the years, it added that Abbey had remained committed
to its goal of building dreams by helping customers become homeowners and on
the path to financial freedom.
The Managing Director, Bolaji Adewumi, said, “We are proud
to be celebrating 31 years of supporting our customers and helping families
achieve their goals of home ownership and financial freedom.
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