Abbey Bank’s 9M pre-tax profit hits N3.23 billion, beats Q3 forecast by 77.58%
Abbey Bank Plc reported a pre-tax profit of N3.23 billion for the nine months ended September 30, 2026, representing an increase of 112.63% from N1.52 billion in the corresponding period of 2025. The post Abbey Bank’s 9M pre-tax profit hits N3.23 billion, beats Q3 forecast by 77.58% appeared first on Nairametrics .
Abbey Bank Plc posted a remarkable pre-tax profit of N3.23 billion for the nine months ending September 30, 2026, marking a significant 112.63% increase from N1.52 billion in the same period last year. The Q3 results surpassed the bank's forecast of N969.53 million by a notable 77.58%. This earnings boost can be attributed to stronger-than-expected interest income, which was the key driver of the profit surge.
The profit after tax for the quarter stood at N1.68 billion, exceeding expectations by 130.42%. For the nine months, gross earnings rose by 120.31% to N30.15 billion, while profit after tax expanded by 55.89% to N2.26 billion. This financial performance signals Abbey Bank's shift from a mortgage-focused institution to a broader commercial bank.
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