Tag: Abbey Mortgage Bank Plc

Abbey Mortgage Bank Plc reports gross earnings of N2.7 billion in Q3 2021

Ajibola Akamo Leave a comment

Abbey Mortgage Bank Plc has released its unaudited financial statement for the third quarter ended 30th of September 2021.

  • Gross earnings during the period stood at N2.7 billion (+147.49% YoY)
  • Interest income during the period was N2.4 billion. (+137.5% YoY)
  • Interest expense for the period was N1.1 billion. (+116.8% YoY)
  • Fee and commission income during the period was N48.9 million. (+269.35% YoY)
  • Net operating income of N1.56 billion was recorded. (+220.59% YoY)
  • Profit before income tax for the period was reported as N592.9 million. (+241.92%)
  • Profit after tax for the period was N474.3 million. (+212.09%)
  • Loans and advances to customers for the period was N6.7 billion (+40.29 YoY)
  • Total assets during the period stood at N31.9 billion. (+13.b bn YtD)
  • Earnings per share of N9.79 kobo Vs -N8.73 kobo.

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Abbey Mortgage Bank Plc projects profit after tax of N131.7 million in Q4 2021.

Chidi Emenike Leave a comment

Abbey Mortgage Bank Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).

  • Gross earnings is projected at N876.4 million
  • Interest income is projected at N713.8 million
  • Net operating income is projected at N551.6 million.
  • Operating expenses projection of N357.9 million.
  • Tax is projected at N62 million.
  • Profit after tax is projected at N131.7 million.

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Abbey Mortgage Bank Plc projects profit after tax of N93.58 million in Q3 2021.

Chidi Emenike Leave a comment

Abbey Mortgage Bank Plc has released its earnings forecasts for the third quarter of 2021 (Q3 2021).

  • Interest Income is projected to hit N645.65 million.
  • Net operating income is projected at N493.14 million.
  • An operating expenses projection of N354.52 million.
  • Tax is projected at N44.04 million
  • Profit after tax is projected at N93.58 million.

See link to forecasts.

Abbey Mortgage Bank profit after tax surge by 132% to N60.9 million in Q1 2021

Chidi Emenike Leave a comment

Abbey Mortgage Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N315.5 million. (+33.3% YoY)
  • Fees and commission income of N28.15 million. (+127,872% YoY)
  • Net operating income of N370.71 million. (+52.6% YoY)
  • Customers deposit totalled N23.5 billion. (+60.6% YoY)
  • Profit after tax was N60.9 million. (+131.8% YoY)
  • Earnings per share of 4 kobo Vs 2 kobo YoY

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