Optimus Bank’s half-year profit surges 104%

Optimus Bank Limited recorded a 103.9 per cent increase in profit before tax to N24.55bn in the half-year ended 30 June, 2026, compared with N12.04bn in the corresponding period of 2025.

 The bank disclosed this in its audited half-year financial results, which also showed an 84.3 per cent rise in profit after tax to N15.96bn from N8.66bn recorded in the first half of 2025.

 Its interest income increased by 101.9 per cent to N42.42bn, compared with N21.01bn in the corresponding period of the previous year.

 The financial performance coincided with an upgrade in the bank’s credit rating by Agusto & Co. to A- (Long-Term) and A1 (Short-Term), with a Stable Outlook.

 Optimus Bank’s total assets rose by 65.3 per cent to N472.69bn as of 30 June, 2026, from N286.02bn at the end of December 2025.

 Customer deposits increased by 10.7 per cent to N126.32bn from N114.12bn at the end of 2025, while gross loans and advances grew by 26.2 per cent to N149.12bn from N118.16bn over the same period.

 The bank’s shareholders’ equity also increased by 222.7 per cent to N229.80bn from N71.20bn at the end of 2025, driven by additional capital from its recapitalisation exercise and retained earnings.

 As of 30 June, 2026, its capital adequacy ratio stood at 53 per cent, above the 10 per cent regulatory minimum for banks with a national licence.

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 Agusto & Co. cited the bank’s strong capitalisation, liquidity profile and profitability among key factors supporting its assessment. The rating upgrade reflects the progress made in strengthening the bank’s financial position and managing its risk assets.

 Commenting on the results, the Managing Director of Optimus Bank, Dr Ademola Odeyemi, said the performance reflected progress in building a resilient institution.

 “Our H1 performance reflects the progress we are making in building a strong, resilient, and growth-focused institution. The significant improvement in profitability, strengthened capital position, and rating upgrade by Agusto & Co. reinforce our commitment to building a bank that customers and businesses can rely on.

 “As we move into the second half of the year, our focus remains on delivering value to our customers, expanding access to relevant financial solutions, and supporting businesses and individuals with the banking services they need to grow,” he said.

 The bank said it would continue to focus on digital innovation, service excellence, and responsible growth as it expands its customer base and contributes to economic activity across Nigeria.