Shareholders of Abbey Mortgage Bank Plc have approved a dividend payout of N1.2 billion, representing 12 kobo per ordinary share of 50 kobo each, as the bank reaffirmed its commitment to sustainable growth and long-term value creation.
The approval was one of the major highlights of the bank’s 34th Annual General Meeting (AGM), which brought together shareholders, board members, management, regulators, and other stakeholders to assess the institution’s performance and strategic direction.
At the meeting, shareholders also approved key resolutions presented by the Board and Management, including plans for an additional capital raise aimed at strengthening the bank’s financial position and supporting future expansion initiatives.
Stakeholders at the AGM commended the bank for its resilience, operational efficiency, and transformation drive within Nigeria’s financial services sector despite prevailing economic challenges.
Speaking during the meeting, the Managing Director and Chief Executive Officer of Abbey Mortgage Bank, Mobolaji Adewumi, said the institution remains focused on enhancing shareholder value while balancing investor rewards with long-term business sustainability.
“Our next phase is centered on delivering seamless and digitally driven banking experiences that eliminates the traditional barriers to premier financial services. Shaping the future means building a resilient institution that is as agile as it is reliable, while ensuring that every stakeholder benefits meaningfully from our growth and expansion,” he said.
Adewumi noted that the bank’s strong corporate governance structure and strategic transformation agenda continue to position it for broader financial service delivery and improved customer experiences.
He further appreciated shareholders for their confidence and unwavering support over the years, describing their loyalty as a key factor behind the bank’s steady growth trajectory.
“The meeting also provided an opportunity to appreciate shareholders for their continued confidence, loyalty, and support, which have remained instrumental to the Bank’s growth journey over the years,” the statement noted.
Reaffirming its outlook for the future, the bank stated that it remains committed to expanding financial inclusion, driving innovation, and delivering sustainable returns as it strengthens its footprint in Nigeria’s banking industry.