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Abbey Mortgage Bank has scheduled its 32nd Annual General Meeting (AGM) on May 30, 2024.
The AGM, with the theme, ‘Agile Tenacity’, will highlight the bank’s financial achievements in 2023, outline strategic goals and engage with valued shareholders.
The virtual event will commence at 11 a.m. from the Head Office in Victoria Island, Lagos. Shareholders and the public have been urged to tune in online to watch the board and executive management review the bank’s milestones.
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Despite facing economic challenges both domestically and internationally, Abbey reportedly maintained its strong profit trajectory, achieving record revenue for the fourth consecutive year in 2023. The bank reported a pre-tax profit of N951 million, from N827 million in 2022.
The bank’s commitment to excellence was recognised with several prestigious awards in 2023, including “Best Mortgage Bank”, “Best Customer-Centric Bank” and “Best Mortgage Bank Brand.”
Reflecting on the bank’s 2023 performance, Managing Director/Chief Executive Officer, Mobolaji Adewumi, stated, “The bank’s performance in 2023 stands as a testament to resilience and excellence amid the economic challenges plaguing our nation.
We have persisted in our remarkable journey of transformation, propelling our bank to the forefront of mortgage banking in Africa. This achievement fills me with immense pride.”
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