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Livingtrust Mortgage Bank Plc (Nigeria)

Main Activities: Savings Institutions | Real Estate Credit
Full name: Livingtrust Mortgage Bank Plc Profile Updated: May 16, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

LivingTrust Mortgage Bank Plc is a Nigerian company located in Oshogbo. It was incorporated on March 9, 1993, and converted from a Private Limited Liability Company to a Public Limited Liability Company on January 25, 2013. The company is listed on the Nigerian Stock Exchange since December 11, 2013. The main activity of LivingTrust Mortgage Bank Plc is providing mortgage financing and real estate construction finance, along with other banking services. The company has played a significant role in reducing housing deficits by offering residential mortgage loans to individuals and financing estate development projects across various states in Nigeria. They have also provided mortgage loans to average and low-income earners in urban sprawls and semi-rural areas, aiming to promote mortgage inclusion. LivingTrust Mortgage Bank Plc has been approved by the Central Bank of Nigeria as a participating financial institution in MSME funding, allowing them to disburse loan facilities to over 620 small businesses across different regions of Nigeria. Additionally, the company participates in the National Housing Fund scheme.

Headquarters
Old Governor'S Office, Gbongan Road, Osogbo, Osun State
Oshogbo; Osun;

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Website: http://www.omoluabipmb.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1993
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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40.82%
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11.96%
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7.39%
Company Performance
Financial values in the chart are available after Livingtrust 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
6.99%
Operating profit (EBIT)
-33.81%
Net Profit (Loss) for the Period
-30.84%
Total assets
37.81%
Total equity
13.58%
Total Assets Trend
23.95%
Net Interest Income Trend
-32.01%
Loans to Deposits Ratio
-54.42%
Loans to Asset Ratio
-10.79%

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