• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Corporate Press Releases
Abbey Mortgage Bank capitalized at 6bn with CBN’s approval of capital injection

Abbey Mortgage Bank capitalized at 6bn with CBN’s approval of capital injection

NM PressbyNM Press
2 years ago
in Corporate Press Releases
Share on FacebookShare on TwitterShare on Linkedin

Abbey Mortgage Bank has been further capitalised to N6bn following the approval issued by the apex bank of N3.03bn equity capital raised during the last right issue exercise of the bank.

This milestone is in line with the strategic plan of the Management to strengthen the position of the company to champion the most desired change in the Mortgage industry.

With the increased capital base, the bank has surpassed the minimum capital requirement for the mortgage subsector, and it has positioned itself for improved business opportunities.

In addition, this will give the bank the capacity to respond to the dynamic economic realities in the subsector and the financial services sector at large, as well as improve the confidence of its customers and potential business partners.

Commenting on the recent development, the Managing Director of Abbey Mortgage Bank, Madu Hamman, stated that he is pleased that the bank has achieved another milestone, as this demonstrates the confidence the existing shareholders have in the new Management. In addition, he also thanked CBN for supporting the bank’s growth effort in the past year.

Furthermore, Abbey Mortgage Bank is set on the path of increased partnership with Real Estate firms, digital adoption drive through its USSD *5103# as well create more collaborative opportunities in the mortgage sector.

What you should know about Abbey Mortgage Bank

Abbey Mortgage Bank Plc engages in the provision of mortgage services, financial advisory and real estate construction finance. The Bank’s segments include Mortgage banking, Retail banking and investment solutions. The Bank also offers various products, such as term deposits, savings deposits, demand deposits, target savings, rent-to-own, home improvement loan.

The bank’s market capitalization stands at N6.72 billion and its shares last traded at N1.04 per share.

Tags: Abbey Mortgage Bank
NM Press

NM Press

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *







NM newsletters
Kwakol
Abbey
IMT

Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Oando partners government for sustainable transport initiative in Nigeria’s most populous city
  • Security agents discover 4-inch illegal line on Amuekpe-Escravos line  
  • Marketers warn continuous price increase in gas is a “big challenge” 

Follow us on social media:

Recent News

Oando Plc, E

Oando partners government for sustainable transport initiative in Nigeria’s most populous city

September 27, 2023
NNPCL, Crude oil theft

Security agents discover 4-inch illegal line on Amuekpe-Escravos line  

September 27, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In