Infinity Trust Mortgage Bank PLC, held its 11th Annual General Meeting (AGM) on May 18th, 2017 where a 19 per cent increase in profit before tax (PBT) for the 2016 was posted in the unveiled annual financial accounts.

The company also recorded a 45 per cent growth in its loan portfolio from N1.672 billion in 2015, to N2.417 billion in 2016.

Speaking at the bank’s 11th annual general meeting (AGM) in Abuja, the Chairman, Dr. Adeyinka Bibilari, noted that the company was undaunted in its resolve to multiply the wealth of all stakeholders, and remained profitable in 2016 despite what he described as “the fierce political, economic and operating environments”.

A dividend of 3.0 kobo was approved for each of the shareholders whose names are in the register of members as at close of business on May 2, 2017. Preference shareholders also received a dividend of 7.0 kobo each.

 

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