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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Abbey Bank

ABBEYBANK · Nigerian Exchange · Company statements

On this page
Company details
Legal name
Abbey Bank PLC
Listing
ABBEYBANK on the Nigerian Exchange, active · ISIN NGABBEY00001 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. Key audit matter: impairment on loans and advances to customers, N241.4 million (PDF p31).
  • Issued under a former name. Issued under the former name 'Abbey Mortgage Bank PLC', Registered No: RC 172093, Tax Identification Number 01334740-0001 (corporate information, PDF p3).
Full wording and sources

  • Auditor's emphasis of matter

    Key audit matter: impairment on loans and advances to customers, N241.4 million (PDF p31). It does not modify the opinion.

    Source: Abbey Mortgage Bank PLC Annual Reports for the Year Ended 31 December 2025 (dated 2026-03-25)

  • Issued under a former name

    Issued under the former name 'Abbey Mortgage Bank PLC', Registered No: RC 172093, Tax Identification Number 01334740-0001 (corporate information, PDF p3). Identity case ABBEY BANK PLC / Abbey Mortgage Bank PLC (docs/companies/filings/editorial/identity-resolutions.json): same company and NGX security (ISIN NGABBEY00001), renamed Abbey Bank Plc (EGM of 24 Jan 2025 proposed the change; NGX files under the new name from 10 Jul 2026).

    Source: Abbey Mortgage Bank PLC Annual Reports for the Year Ended 31 December 2025 (dated 2026-03-25)

  • Net interest income

    NGN 5.09 billion

    5,088,511 NGN thousands · p34

    +49.8% vs 2024

    Interest income less interest expense, as printed.

  • Total operating income

    NGN 6.15 billion

    6,152,926 NGN thousands · p34

    +58.7% vs 2024

    The bank's own total of its income lines before credit impairment and operating expenses, under its printed label. What it includes differs between banks; it is not revenue.

  • Profit / (loss) for the year

    NGN 2.16 billion

    2,164,910 NGN thousands · p34

    +102.7% vs 2024

  • Total assets

    NGN 166 billion

    165,828,795 NGN thousands · p35

    +96.8% vs 2024

  • Customer deposits

    NGN 79.6 billion

    79,630,911 NGN thousands · p35

    +47.7% vs 2024

  • Total equity

    NGN 10.8 billion

    10,787,416 NGN thousands · p35

    +16.9% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Interest income calculated using effective interest rate 18,972,247 11,954,184
Interest expense calculated using effective interest rate (13,883,736) (8,557,527)
Net interest income 5,088,511 3,396,657
Fees and commission income 766,874 207,668
Other income 297,541 272,063
Total operating income 6,152,926 3,876,388
Net Impairment write back/(charge) on financial asset at amortised cost 15,271 (84,200)
Net operating income1 6,168,197 3,792,188
Personnel expenses (903,799) (955,014)
Depreciation (203,369) (190,971)
Amortisation (31,327) (28,700)
Other operating expenses (1,904,279) (1,388,552)
Total operating expenses (3,042,774) (2,563,237)
Profit before taxation 3,125,423 1,228,951
Taxation (960,513) (160,758)
Profit for the year 2,164,910 1,068,193
Other comprehensive income –2 –2
Total comprehensive income for the year 2,164,910 1,068,193
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (1)
  1. “Net operating income” is an issuer-specific line, not mapped to a shared definition: Total operating income after the net impairment write-back/(charge) (printed subtotal).

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash on hand1 29,823 15,297
Cash balances with Central Bank 1,020,000 1,020,000
Due from other banks 43,696,918 13,929,534
Loans and advances to customers 9,720,974 12,070,585
Financial investments - securities at FVTPL 929,141 883,642
Financial Investments - securities at amortised cost 106,574,885 53,695,739
Other assets 1,649,829 842,000
Property and equipment 1,967,577 1,479,168
Intangible assets 239,648 270,246
Assets before non-current assets held for sale (unlabelled subtotal)2 165,828,795 84,206,211
Non-current assets held for sale3 –4 45,251
Total Assets 165,828,795 84,251,462
Due to other banks 10,108,925 10,964,820
Deposits from customers 79,630,911 53,900,757
Current income tax payable 536,331 125,681
Other liabilities 704,171 661,833
Borrowings 4,912,536 5,068,555
Deposit for shares5 49,156,885 4,000,000
Funds for on-lending6 9,520,751 263,001
Deferred tax liabilities 470,869 35,077
Total Liabilities 155,041,379 75,019,724
Share capital 5,076,923 5,076,923
Share premium 1,576,504 1,576,504
Retained earnings 2,428,088 1,127,763
Statutory reserve7 1,119,318 686,336
Regulatory risk reserve 586,583 764,212
Total Equity 10,787,416 9,231,738
Total liabilities and equity 165,828,795 84,251,462
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (6)
  1. “Cash on hand” is an issuer-specific line, not mapped to a shared definition: Note 15; printed separately from cash balances with the Central Bank.
  2. “Assets before non-current assets held for sale (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled printed subtotal of the assets above non-current assets held for sale.
  3. “Non-current assets held for sale” is an issuer-specific line, not mapped to a shared definition: Note 24.
  4. “Deposit for shares” is an issuer-specific line, not mapped to a shared definition: Note 28; deposits received for shares not yet allotted, presented within liabilities.
  5. “Funds for on-lending” is an issuer-specific line, not mapped to a shared definition: Note 29; funds received for on-lending (e.g. housing finance schemes).
  6. “Statutory reserve” is an issuer-specific line, not mapped to a shared definition: Note 34.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Profit before taxation1 3,125,423 1,228,951
Adjustment for non-cash items2 (4,917,087) (3,157,839)
Net cash flows used in operating activities before changes in working capital3 (1,791,664) (1,928,888)
Change in operating assets4 (49,849,399) (17,642,155)
Change in operating liabilities5 33,624,727 13,970,206
Income tax paid (51,902) (45,182)
Interest received 17,432,401 4,287,905
Interest paid6 (12,493,250) (8,557,527)
Net cash flows used in operating activities (13,129,087) (9,915,641)
Purchase of intangible assets (729) (224,956)
Proceeds on disposal of property and equipment 620 1,486
Purchase of property and equipment (691,745) (319,468)
Dividend received7 41,500 41,500
Net cash flows used in investing activities (650,354) (501,438)
Proceeds of borrowings 2,550,000 3,500,000
Principal repayments of borrowings (2,690,991) (2,454,728)
Deposit for shares8 45,156,885 –9
Dividend paid (609,232) (406,154)
Net cash flows generated from financing activities 44,406,662 639,118
Net decrease in cash and cash equivalents 30,627,221 (9,777,961)
Cash and cash equivalents at beginning of year 3,012,215 12,790,176
Cash and cash equivalents at end of year 33,639,436 3,012,215
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (8)
  1. “Profit before taxation” is an issuer-specific line, not mapped to a shared definition: Starting point of operating activities.
  2. “Adjustment for non-cash items” is an issuer-specific line, not mapped to a shared definition: Note 35.4.
  3. “Net cash flows used in operating activities before changes in working capital” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  4. “Change in operating assets” is an issuer-specific line, not mapped to a shared definition: Note 35.2.
  5. “Change in operating liabilities” is an issuer-specific line, not mapped to a shared definition: Note 35.3.
  6. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Note 35.5; within operating activities.
  7. “Dividend received” is an issuer-specific line, not mapped to a shared definition: Note 35.6; within investing activities.
  8. “Deposit for shares” is an issuer-specific line, not mapped to a shared definition: Note 28; within financing activities.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)3 0.211 0.112
  1. Printed as 21 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as 11 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and Diluted”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid (609,232) NGN thousands Annual report, p37
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid (406,154) NGN thousands Annual report, p37

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Abbey Mortgage Bank PLC Annual Reports for the Year Ended 31 December 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: PricewaterhouseCoopers (Lagos, Nigeria), unmodified opinion · signed

    Auditor's sign-off: PricewaterhouseCoopers, Chartered Accountants; Chidi Ojechi, Engagement Partner

    Final status: Independent auditor's report to the members of Abbey Mortgage Bank Plc (PDF pp30-33, scanned): unmodified opinion (p30); handwritten signature 'For: PricewaterhouseCoopers, Chartered Accountants, Lagos, Nigeria', engagement partner Chidi Ojechi (FRC/2017/PRO/ICAN/004/00000015955), ICAN stamp, dated 25 March 2026 (p33, page image). The financial statements were approved by the Board of Directors on 6 March 2026 and hand-signed by the Chairman and the Managing Director/CEO, and certified by the Financial Controller (p35, page image).

    Document date
    25 Mar 2026
    Auditor's report
    25 Mar 2026
    Board approval
    6 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN thousands (printed “₦'000”)
    • Printed 'Abbey Mortgage Bank PLC', 'Registered No: RC 172093', 'License No: 26' (p3) and the auditor's report 'To the Members of Abbey Mortgage Bank Plc' (p30); the directory name is 'ABBEY BANK PLC' (NGX ABBEYBANK), the same company renamed.
    • The statement of financial position prints an unlabelled subtotal of the assets before non-current assets held for sale (165,828,795; 2024: 84,206,211) and no current/non-current classification (p35). The cash-flow statement labels the change in cash 'Net decrease' for both years although 2025 is an increase; interest received and paid are within operating activities; cash and cash equivalents (note 35.1) differ from the balance-sheet cash lines (p37). 'Statemsent' is printed in the page headers of pp34 and 37.
    Technical details
    File
    93 pages, with a text layer
    SHA-256
    13b87173fb30fa08ca2e085b706e6eb8425b009b605fcf284ff8de77cc657e02
    Entity as printed
    Abbey Mortgage Bank PLC (Registered No: RC 172093)
    Exchange copy
    retrieved 2026-10-08T18:00:07Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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