Accion MFB Grows Earnings to N11.58bn, Raises Dividend to 35 Kobo

Sunday Ehigiator

Accion Microfinance Bank Plc has reported a strong financial performance for the 2025 financial year, posting gross earnings of N11.58 billion, a 51 per cent increase from N7.65 billion recorded in 2024, while recommending a dividend of 35 kobo per share for shareholders.

The financial results were presented at the bank’s 20th Annual General Meeting (AGM), held in Lagos, where the Board highlighted significant growth across key performance indicators despite prevailing macroeconomic challenges.

Speaking on behalf of the Board of Directors, Chairman of the bank, Christian Ruehmer, said the institution delivered on its mission through stronger earnings, expanded outreach and improved financial inclusion.

According to him, interest income rose to N10.76 billion, while net interest income improved to N8.67 billion, driven largely by growth in loans and advances to customers.

He disclosed that profit before tax increased to N1.82 billion from N800.25 million in 2024, while profit after tax rose to N1.03 billion from N575.63 million in the previous year. Earnings per share also improved to 85 kobo from 48 kobo in 2024.

“The Bank recorded gross earnings of N11.58 billion in 2025, representing a 51 per cent increase from N7.65 billion in 2024. Interest income rose to N10.76 billion, while net interest income improved to N8.67 billion, supported principally by the growth in loans and advances to customers,” Ruehmer stated.

Providing an operational review, Managing Director and Chief Executive Officer, Taiwo Joda, said the bank remained resilient despite economic headwinds characterised by inflationary pressures, high interest rates, exchange rate volatility and rising operating costs.

According to him, the bank maintained a balance between growth and risk management while expanding access to finance for underserved communities and small businesses.

“Our theme for the year, ‘Innovating for Impact: Scaling Access, Transforming Futures,’ speaks directly to the responsibility we carry as a national microfinance bank. Innovation for us is about removing barriers, improving access, creating income opportunities and deepening financial inclusion,” Joda said.