Infinity Trust Mortgage Bank earnings hit N1.005bn in 2018
By Favour Nnabugwu. Infinity Trust Mortgage Bank Plc has declared a total asset of N7.6 billion at the end of its operations for the financial year ended December 31, 2015. Chairman of the bank, Dr Adeyinka Bibilari, speaking at the bank’s 10th annual general meeting in Abuja.
Infinity Trust Mortgage Bank Plc, said it was able to grow customer deposits from N1.176 billion in 2017 to N2.467bn in 2018, an increase of 110 per cent, despite the harsh operating environment.
Infinity Trust Mortgage Bank is recruiting to fill the vacant position of Infinity Homes is well capitalised with shareholders funds in excess of over N5 billion unimpaired by losses as at December 2015 making it one of the most capitalised Primary Mortgage Banks in Nigeria.
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Infinity Trust Mortgage Bank Plc gross earnings increased by 14% from N833.6million in 2017 to N1.005Billion making the bank cross the billion naira mark.. Infinity Trust (nigeria) records 14% rise in gross earnings to N1.005B for Full Year 2018.
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Accion Microfinance Bank, one of the leading Microfinance Banks in Nigeria, has released its full year financial results for 2018 with the bank register- ing solid growth in all The bank grew its profit after tax (PBT) to N1.05 billion from N809.76 million recorded in 2017, representing a 30 per cent increase.
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The Nigeria Mortgage Refinance Company Plc (NMRC) was incorporated on 24 June 2013 as a public limited liability company registered with the Securities & Exchange Commission (SEC) and regulated by the Central Bank of Nigeria (CBN).
See more of Infinity Trust Mortgage Bank Plc on Facebook. Roles Mortgage Banks are playing in reducing the housing Deficit in Nigeria.
In 1998 ,Infinity Trust Mortgage Bank earnings hit N1.005bn in 2018 | The Guardian Nigeria News – Nigeria and World News – AFROINSIDER This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.