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Abbey Mortgage Bank Plc (Nigeria)

Main Activities: Commercial Banking | Mortgage and Nonmortgage Loan Brokers
Full name: Abbey Mortgage Bank Plc Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

ABBEY started operations on March 11th of the same year with an initial authorised and paid up share capital of N5million ABBEY has managed all major financial crises over the years and has built a solid reputation within the market. For the earlier years of the operations, ABBEY specialized in funding small and medium size businesses providing a solid base of deposits as well as good and reliable business. In the last few years, ABBEY has started to implement a mortgage financing strategy in tandem with its strategic vision to become “the number one mortgage service provider in Nigeria”. The stability combined with experienced employees with the addition of new ones has allowed ABBEY to become part of that leadership.

Headquarters
23, Karimu Kotun Street Victoria Island
Lagos; Lagos;

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Website: http://www.abbeymortgagebank.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1991
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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37.77%
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16.54%
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13.61%
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3.16%
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2.09%
Company Performance
Financial values in the chart are available after Abbey Mortgage Bank Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net interest income
26.79%
Operating profit (EBIT)
15%
Net Profit (Loss) for the Period
13.72%
Total assets
44.37%
Total equity
11.32%
Total Assets Trend
28.71%
Net Interest Income Trend
2.27%
Loans to Deposits Ratio
18.4%
Loans to Asset Ratio
11.17%

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