Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.
With this performance, Alpha Morgan Bank did not only
break-even within an exceptionally short period, but also delivered what is
believed to be a record-setting early-profit performance in the Nigerian
banking sector, underlining the strength of its strategy, the discipline of its
execution and the confidence the market has placed in its business model.
The Bank’s strong debut performance was supported by
robust growth across key financial and operating indicators. Highlights of the
10-month financial statement include customer deposit of over ₦103BN, gross
earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio
of 0%.
The performance was driven largely by strong synergy
in customer acquisition and branch expansion, a deliberate focus on growth in
demand deposits, creation of quality risk assets and balance sheet efficiency.
These achievements were further supported by robust operational processes
powered by sound technology and systems, management depth and expertise,
experience and strategic oversight provided by the Bank’s Board.
Speaking on the performance, the Managing Director,
Ade Buraimo, described the result as a significant validation of the Bank’s
vision, business model and execution capacity.
“This is more than a financial milestone; it is a
strong statement of what is possible when vision, discipline, sound execution,
and market opportunity come together. From inception, Alpha Morgan Bank was
built to be a commercial bank that is solution-driven and committed to
delivering value at scale. To record a PBT of N1.9 billion in our
first 10 months of operations is both historic and deeply encouraging. It
reflects the dedication of our people, the trust of our customers and the solid
foundation we have laid for long-term growth.”
About Alpha Morgan Bank
Alpha Morgan Bank is a customer-centric, innovative,
and solutions-driven commercial bank, with a clear commitment to delivering
“Satisfying Banking.”
Alpha Morgan Bank commenced operations in March 2025
with the rare distinction of regulatory approval for 14 branches across the
country. This early footprint, combined with disciplined market execution, has
enabled the Bank to build momentum across key business segments in record time.
Alpha Morgan Bank focuses on:
- Human-Centred
Technology: Digital tools designed for intuitive, everyday relevance and
not vanity metrics.
- Transparent
Operations: From pricing to service promises, every process is clear,
accountable, and customer friendly.
- Customer-Centric
Innovation: Continuously developing solutions and services driven by
customer insights to deliver meaningful value and enhance satisfaction.
More than a financial institution, Alpha Morgan Bank
positions itself as a partner in progress. Its vision is to drive
possibilities, enable dreams, and reemphasize what it means to experience
Satisfying Banking in Nigeria.
More about Alpha Morgan Bank on www.alphamorganbank.com
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