LivingTrust Mortgage Bank Clinches Prestigious Continental Award
LivingTrust Mortgage Bank Plc has been honored with the distinguished title of "Mortgage Bank of the Year 2025" at the Africa Fast Growth Brands Awards ceremony. This annual event celebrates institutions that significantly contribute to economic development and business expansion across the African continent.
The award specifically acknowledges the bank's outstanding performance within Nigeria's competitive mortgage and housing finance industry during the assessment period. Event organizers confirmed that the recognition followed a comprehensive independent evaluation that scrutinized financial performance, customer service excellence, and contributions to improving housing accessibility.
Recognition of Excellence in Mortgage Banking
As one of the few publicly listed mortgage banks in Nigeria, LivingTrust has consistently expanded its retail and housing loan offerings despite increasing competition within the financial services landscape. The bank's management team expressed that this prestigious award reflects their dedicated efforts to enhance access to affordable home financing while strengthening governance standards throughout the mortgage sector.
The Africa Fast Growth Brands Awards program specifically highlights organizations that drive business growth and consumer confidence across key African markets, making this achievement particularly significant for the Nigerian financial institution.
Impressive Financial Performance in Q3 2025
In a related financial development, LivingTrust Mortgage Bank Plc recently reported remarkable gross earnings of N5.1 billion for the third quarter ending September 30, 2025. This represents an impressive 87 percent increase compared to the N2.7 billion recorded during the same period in 2024.
According to the bank's unaudited financial statements, key performance indicators showed substantial growth:
- Profit before tax reached N800 million
- Profit after tax stood at N755 million
- Net operating income increased by 24 percent year-on-year to N2.2 billion
- Total assets amounted to N29.5 billion
- Customer deposits reached N22.5 billion
- Loans and advances totaled N15.7 billion
- Shareholders' equity was reported at N5.1 billion
In an official statement accompanying these results, the bank committed to maintaining focus on prudent growth strategies, digital expansion initiatives, and portfolio discipline across all business segments.
Sustained Growth in First Half 2025
The bank's strong performance trajectory was evident earlier in the year, with LivingTrust reporting a profit after tax of N551.28 million for the half year ended June 30, 2025. This represented a 30 percent increase from the N423.65 million achieved during the same period in 2024.
Financial figures submitted to the Nigerian Exchange Limited revealed that gross earnings surged to N3.02 billion, compared to N1.75 billion in the corresponding period of the previous year. This growth was primarily driven by increased revenue from interest income, fees and commissions, and treasury activities.
The bank's balance sheet demonstrated robust health with total assets growing to N28.88 billion as of June 30, 2025, up from N24.05 billion at the end of 2024. Loans and advances increased by 25 percent to N17.57 billion, while customer deposits rose to N19.42 billion from N15.19 billion during the same period.
Net cash from operating activities reached N3.65 billion, supported by strong inflows from customer deposits and loan repayments. Cash and cash equivalents closed at N8.67 billion, significantly higher than the N5.53 billion recorded in the same period of 2024.
This combination of industry recognition and strong financial performance positions LivingTrust Mortgage Bank as a leading force in Nigeria's mortgage banking sector, demonstrating their commitment to driving growth while maintaining financial stability and service excellence.
