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

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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