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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

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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BREAKING: Haaland Scores Controversial Goal as 10-Men Manchester City Defeat Manchester United at Old Trafford

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BREAKING: Haaland Scores Controversial Goal as 10-Men Manchester City Defeat Manchester United at Old Trafford—-Erling Haaland struck after a lengthy VAR review to hand 10-man Manchester City a dramatic 1-0 victory over Manchester United in a fiery Manchester derby.

Manchester City secured a dramatic 1-0 victory over Manchester United at Old Trafford on Sunday, with Erling Haaland’s controversial second-half goal settling a fiercely contested Manchester derby.

City were forced to play with 10 men for more than an hour after Phil Foden was sent off in the first half for kicking out at Manchester United captain Bruno Fernandes. Despite their numerical disadvantage, Enzo Maresca’s side remained disciplined and eventually found the breakthrough through Haaland.

The decisive moment arrived around the hour mark when Haaland found the net, only for the assistant referee to immediately raise the flag for offside.

However, after a lengthy VAR review, the decision was overturned and the goal was awarded. Replays showed that Patrick Dorgu’s outstretched foot had played Haaland onside, while Enzo Fernández’s position was deemed not to constitute interference with play.

The decision sparked furious reactions from the home supporters, with Manchester United players also questioning whether Fernández’s position had interfered with their ability to defend the move.

United were handed a major advantage by Foden’s dismissal but failed to capitalise on it. Marcus Rashford and Kobbie Mainoo both struck the woodwork as the hosts desperately searched for an equaliser.

Manchester City’s defence held firm during the closing stages, while goalkeeper Gianluigi Donnarumma produced a crucial late save to deny Bryan Mbeumo and preserve the visitors’ clean sheet.

The victory was particularly impressive given City’s lengthy spell with 10 men and handed Maresca a huge win in his first Manchester derby as City manager.

For Haaland, the goal continued his remarkable record against Manchester United and proved enough to give City all three points in one of the most controversial derbies in recent years.

The result keeps Manchester City’s perfect Premier League start intact, with the champions moving onto 12 points from four matches, level with Arsenal at the top of the table but behind the Gunners on goal difference. Manchester United, meanwhile, remain on just four points after four matches.

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BREAKING: Bruno Fernandes on Target as Manchester United Thrash Azerbaijan Outfit in Champions League Opener

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BREAKING: Bruno Fernandes on Target as Manchester United Thrash Azerbaijan Outfit in Champions League Opener—-Manchester United made a commanding return to Europe’s elite competition as goals from Matheus Cunha, Bruno Fernandes, Benjamin Šeško and Lisandro Martínez secured a 4-0 victory over Sabah Masazir at Old Trafford.

Manchester United marked their return to the UEFA Champions League in emphatic fashion, cruising to a 4-0 victory over Azerbaijani champions Sabah Masazir at Old Trafford on Thursday night.

Michael Carrick’s side took control of the contest after a cautious opening spell before eventually breaking through in the 27th minute. Matheus Cunha opened the scoring after Patrick Dorgu’s delivery created the opportunity for the Brazilian to put United ahead.

The hosts quickly took advantage of their growing dominance, with captain Bruno Fernandes doubling the advantage in the 42nd minute.

United then struck again before the interval as Benjamin Šeško found the back of the net to give the Red Devils a commanding 3-0 lead at halftime.

Sabah, appearing in the Champions League main phase for the first time in their history, struggled to cope with United’s attacking pressure and the quality of the Premier League side.

The Azerbaijani champions had a chance to pull one back during the contest, but United’s defence remained firm, with goalkeeper Senne Lammens also called upon to protect the clean sheet.

United eventually added a fourth in the 68th minute when Lisandro Martínez capitalised on confusion inside the Sabah defence to complete the rout.

The victory gives Manchester United an ideal start to their Champions League campaign after returning to Europe’s premier club competition for the first time since 2023. The result also provides a major confidence boost for Carrick’s squad ahead of Sunday’s highly anticipated Manchester derby against Manchester City.

For Sabah, the heavy defeat brought a difficult end to an otherwise historic night. The club, founded in 2017, earned their place in the Champions League after winning the Azerbaijani title and progressing through the qualifying rounds. Their appearance at Old Trafford represented their first-ever match in the main phase of the competition.

United will now look to build on the impressive European victory as they continue their Champions League campaign, while Sabah will aim to regroup for their upcoming fixtures against some of Europe’s biggest clubs.

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