Osun State owned LivingTrust Mortgage Bank Plc has once again made history this time, by declaring a profit ₦981.2 million, one of the highest in the Bank’s history.
The unprecedented profit was based on the Audited Financial Statement for the year ended December 31, 2024, in an increasingly challenging macroeconomic environment, marked by inflationary pressures, exchange rate volatility, and tighter regulatory oversight, this record profit stands as a testament to strategic resilience.
The Bank’s board and management team have demonstrated commendable financial stewardship balancing risk, maintaining asset quality and driving profitability with a clear long-term view.
LivingTrust Mortgage Bank Plc grew deposit by 66% signifying the highest volume growth in the Bank’s history to N15.19bn from N9.14bn the previous year while total asset of the Bank increased to N24.04bn, a 35% growth over N17.79bn posted in 2023.
The bank posted a 29.97 per cent increase in gross earnings for the year ended December 31, 2024, amounting to N3.75bn, compared to N2.89bn in the same period of 2023.
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