LivingTrust Mortgage Bank Posts Robust N1.01 Billion Profit in 2025
LivingTrust Mortgage Bank Plc has announced a strong financial performance for the year ending December 31, 2025, achieving a profit after tax of N1.01 billion. This result represents an 18.3% increase from the N854.5 million recorded in the prior year, underscoring the bank’s growth momentum. The unaudited financial statements reveal significant expansion in both revenue and profitability, achieved amidst a climate of rising operational costs and increased credit provisioning.
Substantial Revenue Growth and Strategic Lending Focus
The bank’s gross earnings surged by 74.9% to N6.52 billion in 2025, a substantial rise from N3.73 billion in 2024. This performance was largely driven by a strategic focus on expanding its lending portfolio. Interest income from mortgage and term loans grew by 55% to N4.49 billion, directly contributing to a 114% increase in net interest income, which reached N766.94 million. This positions the bank favorably within the competitive landscape of the NGX top 10 mortgage institutions.
Managing Growth, Impairment, and Operational Efficiency
In line with its portfolio expansion, impairment losses on financial assets rose to N2.72 million from N692,047, indicating prudent risk management as the loan book grows. Operating expenses also increased by 18.9% to N1.71 billion, attributed to higher personnel and depreciation costs. However, the bank demonstrated effective cost management relative to its revenue growth, enabling it to navigate these increases and deliver higher profits. The bank’s total assets grew significantly by 36.3% to N32.74 billion, fueled by a rise in loans and advances to N17.08 billion and a notable increase in balances due from banks.
Solid Foundation for Future Expansion
Shareholders’ equity remained stable at N5.05 billion, supported by retained earnings, which indicates a strong capital base for ongoing expansion. This solid financial footing provides a foundation for future initiatives, much like strategic infrastructure projects such as when Sanwo-Olu launches rural development plans. The bank’s ability to grow its asset base while maintaining capital stability is a key strength. However, as the institution scales, maintaining asset quality and efficient capital management will be as crucial as the focus required for any major endeavor, proving that no governor can afford to overlook fiscal discipline in pursuit of growth.
