Abbey Mortgage bank declares N1.22b dividend to shareholders

Abbey Mortgage Bank Plc has declared a N1.2 billion dividend payout, translating to 12 kobo per ordinary share of 50 kobo each to its shareholders. This was disclosed during its 34th Annual General Meeting (AGM), reaffirming the bank’s commitment to sustainable growth, innovation, and long-term value creation for shareholders and stakeholders. The AGM brought together […]

Abbey Mortgage Bank Plc has declared a N1.2 billion dividend payout, translating to 12 kobo per ordinary share of 50 kobo each to its shareholders.
This was disclosed during its 34th Annual General Meeting (AGM), reaffirming the bank’s commitment to sustainable growth, innovation, and long-term value creation for shareholders and stakeholders.
The AGM brought together shareholders, members of the Board, management, regulators, and other key stakeholders to review the Bank’s performance, strategic direction, and outlook for the future.
During the meeting, shareholders approved key resolutions including additional capital raise, declaration of dividend, presented by the Board and Management, while commending the Bank’s resilience, operational performance, and continued drive toward transformation within Nigeria’s financial services sector.
Speaking at the AGM, Managing Director/CEO of Abbey Mortgage Bank, Mobolaji Adewumi, stressed that the firm is focused on improving its value delivery to shareholders and maintaining an appropriate balance between rewarding investors.
“Our next phase is centered on delivering seamless and digitally driven banking experiences that eliminates the traditional barriers to premier financial services. Shaping the future means building a resilient institution that is as agile as it is reliable, while ensuring that every stakeholder benefits meaningfully from our growth and expansion,” he said.
He highlighted the firm’s strategic progress and strong corporate governance culture that positions the institution to deliver broader financial services and enhanced customer experiences.
“The meeting also provided an opportunity to appreciate shareholders for their continued confidence, loyalty, and support, which have remained instrumental to the Bank’s growth journey over the years.
“Abbey Mortgage Bank remains committed to deepening financial inclusion, driving innovation, and delivering sustainable value as it continues to strengthen its position within the Nigerian banking industry,” the statement added.