The Africa Banking Brief

Stories · Thursday 29 October2 stories

Nigeria

Abbey Bank profit rises 56% to $1.7m in nine months

Abbey Bank's profit after tax rose 55.9% to about $1.7 million (N2.26bn) in the nine months to September 2026. Gross earnings surged 120% and customer deposits more than tripled.

Results · announced$1.7mBusinessDay

$1.7m

Nigeria

Abbey Bank keeps A3 short-term rating from Agusto & Co.

Agusto & Co affirmed Abbey Bank's A3 short-term credit rating, citing stronger capitalization, liquidity, asset quality and profitability. The bank is preparing to start commercial banking operations in November 2026.

Results · completedindependent.ng · Business Post Nigeria

Stories · Thursday 22 October1 story

Nigeria

Abbey Bank to start commercial banking operations in November

Abbey Bank Plc, formerly Abbey Mortgage Bank, will begin commercial banking operations in November 2026. It plans to use its mortgage expertise to expand into construction finance and related lending.

Expansion · announcedlegit.ng · BusinessDay