Signature Bank Limited has posted impressive earnings for 2025, with profit after tax jumping to N3.59 billion. This marks a stunning turnaround from N726 million recorded in 2024.
The lender achieved the growth despite a tough economic climate marked by inflation and currency swings. Gross earnings surged 94.5% to N24.99 billion during the period.
Total assets climbed to N224.7 billion while customer deposits reached N170.8 billion. Shareholders' equity strengthened to N25.2 billion as well.
Shareholders gathered for the bank's 4th Annual General Meeting on Thursday. They approved the audited financial statements and other statutory resolutions for 2025.
One standout metric was the bank's cost-to-income ratio, which improved dramatically from 92% to 66%. This signals stronger operational efficiency across the institution.
Board Chairman Tijjani Borodo addressed shareholders at the meeting. He called 2025 a defining year for the bank, characterised by discipline and steady growth.
"The Bank demonstrated remarkable resilience in the face of macroeconomic pressures and continued to make measurable progress across key performance indicators," Borodo told the gathering. He emphasised the bank's commitment to sound governance and long-term value creation.
Managing Director Nixon Iwedi credited the strong showing to internal strategy and employee dedication. He also pointed to customer confidence in the institution.
"Our performance in 2025 is a reflection of the resilience of our strategy, the dedication of our people, and the confidence our customers continue to place in the Bank," Iwedi noted. According to him, operational efficiency and balance sheet strength remained priorities.
Iwedi outlined the bank's outlook for coming years. Digital innovation and prudent risk management will take centre stage moving forward.
Customer experience improvements and strategic business growth are also on the agenda. Iwedi said the bank aims to become a modern, customer-centric financial institution.
Staff commitment played a major role in the turnaround story. The bank plans to build on these gains with focused execution.
