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

BREAKING: PSG Retain Champions League Title After Penalty Shootout Victory Over Arsenal—-French champions edge Gunners 4-3 on penalties in Budapest to secure back-to-back European crowns.

Paris Saint-Germain successfully defended their UEFA Champions League title after defeating Arsenal 4-3 on penalties following a 1-1 draw in the final at Budapest’s Puskás Aréna. PSG became only the second club in the modern Champions League era to retain the trophy in successive seasons.

Arsenal made the perfect start to the final when Kai Havertz fired the Premier League champions into an early lead in the sixth minute, giving Mikel Arteta’s side hope of winning the club’s first-ever Champions League title.

The holders responded in the second half, with Ballon d’Or winner Ousmane Dembélé converting a penalty in the 65th minute after a foul on Khvicha Kvaratskhelia, bringing PSG level and setting up a tense finish.

Neither side could find a winner during the remainder of normal time or extra time, forcing the final into a dramatic penalty shootout. PSG held their nerve from the spot, while Arsenal defender Gabriel missed the decisive penalty, blasting his effort over the crossbar.

The victory caps another remarkable European campaign for Luis Enrique’s side, who reached the final after eliminating FC Bayern Munich in the semi-finals and entered the showpiece as defending champions.

For Arsenal, the defeat is a heartbreaking end to an otherwise historic season. Arteta’s men arrived in Budapest having won their first Premier League title in 22 years and reached their first Champions League final since 2006, but they fell just short of completing a memorable double.

PSG’s triumph further cements their place among Europe’s elite, while Arsenal will be left to reflect on a campaign that brought domestic glory but ended in European heartbreak.