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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: Argentina Beat Stubborn Switzerland 3-1 After Extra Time to Set Up England Semi-Final Showdown

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BREAKING: Argentina Beat Stubborn Switzerland 3-1 After Extra Time to Set Up England Semi-Final Showdown—-Julián Álvarez and Lautaro Martínez struck in extra time after Alexis Mac Allister’s early opener as Argentina overcame a resilient Switzerland to book a blockbuster World Cup semi-final against England.

Argentina booked their place in the semi-finals of the 2026 FIFA World Cup after overcoming a stubborn Switzerland 3-1 following extra time in a fiercely contested quarter-final at Kansas City Stadium.

The reigning world champions made the perfect start when Alexis Mac Allister headed home Lionel Messi’s inch-perfect corner in the 10th minute, giving Argentina an early advantage and recording Messi’s 10th World Cup assist—a new tournament record. Switzerland, however, refused to buckle and gradually grew into the contest, frustrating Lionel Scaloni’s side with disciplined defending and swift counter-attacks.

Switzerland’s persistence was rewarded in the 67th minute when Dan Ndoye latched onto a flowing attacking move to fire past Emiliano Martínez and level the score at 1-1. The equaliser stunned the South Americans and breathed fresh life into the Swiss, who sensed an opportunity to reach their first-ever World Cup semi-final.

The match took another dramatic turn in the 72nd minute when Breel Embolo was sent off after receiving a second yellow card, reducing Switzerland to 10 men for the remainder of the contest. Despite their numerical disadvantage, Murat Yakin’s men defended heroically, forcing Argentina into extra time.

Argentina’s pressure finally paid off in the 112th minute. Goalkeeper Gregor Kobel parried Lionel Messi’s powerful effort, but Julián Álvarez reacted quickest to smash the rebound into the roof of the net and restore Argentina’s lead. With Switzerland pushing desperately for another equaliser, the defending champions delivered the knockout blow in stoppage time of extra time when Lautaro Martínez raced onto a through ball before calmly slotting past Kobel to seal a 3-1 victory.

The victory keeps Argentina’s dream of successfully defending their World Cup crown alive and sets up a mouth-watering semi-final clash with England, who earlier defeated Norway 2-1 after extra time thanks to a brace from Jude Bellingham. The showdown between two of international football’s heavyweights is expected to be one of the marquee fixtures of the tournament.

Switzerland exit the tournament with their heads held high after pushing the defending champions to the limit. Their disciplined performance and fighting spirit once again underlined why they have become one of the most difficult teams to break down in international football, but Argentina’s superior quality eventually proved decisive in extra time.

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BREAKING: England March into World Cup Semi-Finals as Bellingham Bags Brace to Defeat Norway

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BREAKING: England March into World Cup Semi-Finals as Bellingham Bags Brace to Defeat Norway—-Jude Bellingham scored twice, including the extra-time winner, as England fought back from a goal down to beat Norway 2-1 in Miami and book their place in the 2026 FIFA World Cup semi-finals.

England booked their place in the semi-finals of the 2026 FIFA World Cup after Jude Bellingham produced another match-winning display, scoring twice in a dramatic 2-1 extra-time victory over Norway in a thrilling quarter-final at Miami Stadium.

Thomas Tuchel’s side dominated possession during the opening stages but were stunned in the 36th minute when Norway struck against the run of play. Andreas Schjelderup latched onto a loose ball before drilling a powerful effort that clipped the far post on its way into the net, giving the Scandinavian side a surprise lead. Despite England’s control of the ball, Norway’s disciplined defending and dangerous counter-attacks left the Three Lions frustrated.

England found a lifeline just before halftime through Bellingham. The Real Madrid midfielder timed his run perfectly into the penalty area before firing home from close range in first-half stoppage time, sending the teams into the break level at 1-1 and restoring belief among the England players and supporters.

The second half developed into an end-to-end contest. Norway thought they had regained the lead when Torbjørn Heggem found the back of the net, only for VAR to disallow the goal after Erling Haaland was adjudged to have fouled Elliot Anderson during the build-up. England also had a penalty appeal overturned after another VAR review, ensuring the tie remained deadlocked at the end of 90 minutes.

Just three minutes into extra time, Bellingham delivered the decisive moment. Morgan Rogers unleashed a fierce long-range effort that Norway goalkeeper Ørjan Nyland could only parry into the path of the England midfielder, who reacted quickest to smash home the rebound and complete his brace. The goal proved enough to settle a fiercely contested encounter and send England into the last four.

Norway refused to give up and continued to threaten through Martin Ødegaard, Alexander Sørloth and Haaland, but England’s defence stood firm during the closing stages to preserve the lead. The victory marks England’s fourth semi-final appearance in their last five major international tournaments and keeps alive hopes of winning a first World Cup since 1966.

While England celebrated another memorable knockout triumph, manager Thomas Tuchel admitted his side were below their best despite progressing. The German coach praised his players’ resilience but insisted significant improvements would be required ahead of a mouth-watering semi-final against either Argentina or Switzerland.

Bellingham’s latest match-winning performance also took his tournament tally to six goals, drawing him level among the competition’s leading scorers and further cementing his reputation as one of the standout players of the 2026 FIFA World Cup.

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