LivingTrust Mortgage Bank Plc has unveiled a strategic growth plan following the release of its unaudited Q3 2025 management accounts. The results show significant year-on-year increases in earnings and income, highlighting the bank's resilience amid economic challenges. The bank emphasized its focus on digital expansion and revenue diversification.
LivingTrust Mortgage Bank Plc announced its strategic growth plan on October 26, 2025, after releasing unaudited management accounts for the third quarter ended September 30, 2025. The bank described the figures as underscoring "the resilience of a progressive business model, the diversification of revenue streams, and the steady progress to the execution of a long-term strategic growth plan."
Financial performance was robust, with gross earnings rising 87 percent year-on-year to ₦5.1 billion from ₦2.7 billion in Q3 2024. Net operating income increased by 24 percent to ₦2.2 billion, up from ₦1.8 billion the previous year. Profit before tax reached ₦800.0 million, while profit after tax was ₦755.0 million, figures that "underscore the strength and resilience of our business model in the markets," according to the bank.
Balance sheet indicators remained strong, with total assets at ₦29.5 billion, customer deposits at ₦22.5 billion, loans and advances at ₦15.7 billion, and shareholders’ equity at ₦5.1 billion. The growth strategy will prioritize "prudent growth, scaling its digital and transaction-led income streams, increasing revenue diversification and disciplined portfolio management across all its products and services."
Earlier in May 2025, the bank received the Development Bank of Nigeria (DBN) Innovation Award in the Other Financial Institution category for the 2024 financial year, recognizing its innovative financing models that enhance credit access for Nigerian entrepreneurs and small businesses amid a challenging economic environment.
For the full year ended December 31, 2024, LivingTrust reported a profit of ₦981.2 million, one of its highest. Deposits grew 66 percent to ₦15.19 billion from ₦9.14 billion, and total assets increased 35 percent to ₦24.04 billion from ₦17.79 billion. A statement by acting Company Secretary Dorcas Ajayi noted the board and management's "commendable financial stewardship, balancing risk, maintaining asset quality and driving profitability with a clear long-term view." This performance demonstrates the bank's adaptability in an environment of inflationary pressures, exchange rate volatility, and tighter regulatory oversight.