Primarily based on the Audited {Financial} Assertion for the 12 months ended December 31, 2024, LivingTrust Mortgage {Bank} Plc has as soon as once more made historical past, this time by declaring a revenue N981.2 million, one of many highest within the {Bank}’s historical past.
In an more and more difficult macroeconomic atmosphere, marked by inflationary pressures, alternate price volatility, and tighter regulatory oversight, this file revenue stands as a testomony to strategic resilience.
The {Bank}’s Board and administration workforce have demonstrated commendable {financial} stewardship balancing threat, sustaining asset high quality and driving profitability with a transparent long-term view.
LivingTrust Mortgage {Bank} Plc grew deposit by 66% signifying the very best quantity development within the {Bank}’s historical past to N15.19bn from N9.14bn the earlier 12 months whereas whole asset of the {Bank} elevated to N24.04bn, a 35% development over N17.79bn posted in 2023.
LivingTrust Mortgage {Bank} Plc has reported a 29.97 per cent enhance in gross earnings for the 12 months ended December 31, 2024, amounting to N3.75bn, in comparison with N2.89bn in the identical interval of 2023.
The {bank}’s file additionally exhibits a 47.40 per cent rise in Revenue Earlier than Tax, which elevated to N981.20m from N665.65m in 2023. Revenue After Tax grew by 38.87 per cent to N789.14m, up from N568.27m within the prior 12 months.
The earnings per share for the interval elevated by 31.52 per cent to fifteen.78 kobo, from 11.37 kobo in 2023.
Past the numbers, this rewards the loyalty of the {Bank}’s esteemed clients and persistence of shareholders who’ve stood by the {Bank} via cycles of development, strategic readability, disciplined execution and unwavering dedication to worth creation. This degree of profitability ensures that the tradition of Shareholder reward continues in an growing style, as declared dividend turns into payable upon approval.
