LivingTrust Mortgage Bank Plc has announced a strategic growth plan, following the release of its unaudited Q3 2025 management accounts, which the Bank says underscore its capacity for sustained value creation.

According to the Bank, the Q3 figures indicate “the resilience of a progressive business model, the diversification of revenue streams, and the steady progress to the execution of a long-term strategic growth plan.” Gross earnings rose by 87 per cent year-on-year, reaching ₦5.1 billion in the quarter ended September 30, 2025, up from ₦2.7 billion in Q3 2024. Net operating income grew by 24 per cent, closing at ₦2.2 billion from ₦1.8 billion in the same period last year.

Profit before tax stood at ₦800.0 million, while profit after tax was recorded at ₦755.0 million, figures that, according to the Bank, “underscore the strength and resilience of our business model in the markets.”

Key balance sheet indicators also remained robust. Total assets closed at ₦29.5 billion, customer deposits at ₦22.5 billion, loans and advances at ₦15.7 billion, and shareholders’ equity at ₦5.1 billion.

The Bank emphasised that its growth strategy will focus on “prudent growth, scaling its digital and transaction-led income streams, increasing revenue diversification and disciplined portfolio management across all its products and services.”

In May, the bank was honoured with the Development Bank of Nigeria (DBN) Innovation Award in the Other Financial Institution (OFI) category for the 2024 financial year.

The DBN, supported by global partners such as the World Bank, European Investment Bank, French Development Agency, African Development Bank, and the Federal Government of Nigeria, recognises outstanding innovation and excellence among financial service providers supporting micro, small, and medium-sized enterprises (MSMEs).

The award stressed LivingTrust Mortgage Bank’s resilience and operational strength amid the challenging economic environment of 2024. The bank was commended for its innovative financing models that enhance credit access for Nigerian entrepreneurs and small businesses.

Also in May, for the year ended December 31, 2024, LivingTrust Mortgage Bank declared a N981.2 million profit, one of the highest in its history.

In an increasingly challenging macroeconomic environment, marked by inflationary pressures, exchange rate volatility, and tighter regulatory oversight, this record profit stands as a testament to strategic resilience.

A statement signed by the acting Company Secretary of LivingTrust Mortgage Bank, Dorcas Ajayi, said the bank’s board and management team have demonstrated commendable financial stewardship, balancing risk, maintaining asset quality and driving profitability with a clear long-term view.

LivingTrust Mortgage Bank, she said, grew its deposit by 66 per cent, signifying the highest volume growth in the bank’s history to N15.19billion from N9.14billion the previous year, while total assets of the bank increased to N24.04billion, a 35 per cent growth over N17.79billion posted in 2023.