Shareholders of Infinity Trust Mortgage Bank Plc (ITMB) have approved a gross dividend payout of N1.46 billion for the 2025 financial year, following the bank’s strong earnings performance and sustained growth in Nigeria’s mortgage sector.
The approval was granted at the bank’s 20th Annual General Meeting (AGM) held on Thursday in Abuja, where shareholders also endorsed a one-for-one bonus share issue, an increase in share capital, and key board appointments.
The mortgage lender declared a gross dividend of N1,459,656,002, representing 35 kobo per ordinary share of 50 kobo each for qualified shareholders. The dividend represents a 66.7 per cent increase from the 21 kobo paid in the previous financial year.
Okwa Ene Iyana, Chairman of the Board, described the bank’s performance as a reflection of the resilience of its business model, prudent corporate governance practices and commitment to delivering sustainable value to stakeholders.
She said the bank recorded twenty consecutive years of profitability, despite prevailing macroeconomic and housing finance challenges in the country.
According to her, the bank’s gross earnings rose by 55 per cent from N4.3 billion in 2024 to N6.7 billion in 2025, driven largely by the expansion of its loan portfolio and increased interest income.
Profit Before Tax grew by 76 per cent to N3.027 billion, while Profit After Tax rose by 82 per cent to N2.7 billion during the review period.
The chairman further disclosed that the bank’s balance sheet expanded by 79 per cent from N25.1 billion in 2024 to N44.7 billion in 2025, while net loan assets increased from N16.1 billion to N30 billion following a record N22 billion loan disbursement within the year.
She noted that the aggressive growth strategy aligned with the Renewed Hope Agenda of President Bola Ahmed Tinubu, aimed at improving access to housing finance and economic development.
In addition to the cash dividend, shareholders approved a one-for-one bonus share issue for qualifying investors to strengthen shareholder value and expand the bank’s capital base.
Speaking on the bank’s plans, Ngozi Chukwu, Acting Managing Director and Chief Executive Officer, said the institution would continue to focus on capital expansion and technology-driven growth.
“Basically, our focus is to expand and grow our capital base such that we can meet whatever the capital requirements would be for mortgage banks as the Central Bank of Nigeria would announce,” she said.
Chukwu noted that the bank’s five-year strategic plan places technology at the centre of operations, stressing that the financial services industry is increasingly being transformed by digital innovation.
She explained that ITMB had intensified investments in technology infrastructure and cybersecurity to safeguard its digital operations against rising cyber threats.
As part of efforts to strengthen oversight in the area of technology and security, shareholders ratified the appointment of Obasegun Adetokunbo Oni as a Non-Executive Director for a renewable four-year tenure following approval by the Central Bank of Nigeria.
The bank described Oni as an information security professional with over 25 years of experience in enterprise systems security, governance and compliance.
Chukwu also highlighted the bank’s commitment to transparency and corporate governance, noting that the board regularly undergoes independent evaluations to ensure compliance with regulatory standards and global best practices.
The AGM, conducted in line with the provisions of the Companies and Allied Matters Act 2020 and the Business Facilitation Act 2023, attracted shareholders, regulators, directors and other stakeholders physically and virtually.
The board reaffirmed its commitment to strengthening shareholder value, improving operational efficiency, leveraging technology-driven innovation and sustaining the bank’s growth trajectory within Nigeria’s evolving financial services sector.