Shareholders of Infinity Trust Mortgage Bank have approved a N1.46 billion dividend payout for 2025. The decision came at the lender's 20th Annual General Meeting in Abuja on Thursday.
Each ordinary share will attract 35 kobo in dividends. This marks a 66.7 percent jump from the 21 kobo distributed last year.
Investors also backed a one-for-one bonus share issue at the gathering. Board appointments and an increase in share capital received approval as well.
Board Chairman Okwa Ene Iyana credited the strong showing to solid governance and a resilient business model. She told shareholders the bank has remained profitable for two consecutive decades.
Gross earnings climbed 55 percent to N6.7 billion from N4.3 billion a year earlier. Expanded lending and higher interest income drove the growth, according to Iyana.
Profit Before Tax jumped 76 percent to N3.027 billion during the period. Bottom-line profit surged 82 percent, reaching N2.7 billion.
Assets on the balance sheet nearly doubled. It grew from N25.1 billion in 2024 to N44.7 billion in 2025, the chairman disclosed.
Net loan assets more than doubled to N30 billion from N16.1 billion. Record loan disbursements of N22 billion within the year fueled this expansion.
Iyana said the aggressive push aligns with President Tinubu's Renewed Hope Agenda. The initiative aims to boost housing finance access across Nigeria's economy.
Acting Managing Director Ngozi Chukwu outlined future priorities during the meeting. She stressed capital expansion and technology-driven growth will dominate strategy.
"Our focus is expanding our capital base to meet whatever the Central Bank announces," she told shareholders. The bank wants to stay ahead of regulatory capital requirements for mortgage lenders.
Technology sits at the centre of the bank's five-year strategic plan. Chukwu noted digital innovation is reshaping the entire financial services landscape.
ITMB has pumped resources into technology infrastructure and cybersecurity safeguards. Rising cyber threats make these investments critical, according to the CEO.
Shareholders ratified the appointment of Obasegun Adetokunbo Oni as a Non-Executive Director. He'll serve a four-year renewable term after securing Central Bank approval.
Oni brings over 25 years in information security and enterprise systems. He has deep expertise in governance and compliance matters across the sector.
Chukwu emphasized the bank's commitment to transparency and strong governance practices. She noted the board undergoes regular independent evaluations to maintain compliance standards.
