Infinity Mortgage Bank Records N245M Profit–CEO

The Managing Director/CEO of Infinity Mortgage Bank Plc,Dr Olabanjo Obaleye has painted a great future for the bank,saying its bound for success going forward.

According to him the Mortgage Bank made a half year profit of N245million in 2019,even as its overall profit before tax for 2018 stood at N367million.

The CEO who spoke at its “facts behind the figures” posted that the above are a clear improvement over the N188million it recorded in 2013,disclosing that its gross earnings for 2018 was over N1billion.

He aired that the bank”s strategic investments stands at N2milion in the current year ,even as its loans and advances presently stands at N5.05billion,total assets N11.23billion,deposits N2.93billion