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ABBEY MORTGAGE BANK

Last update 4 days ago

Industry Finance | Banking (162)
Victoria Island, Nigeria
Workforce 201 - 500 employees Listed on NSE-Nigeria (ABBEYBDS)

+234 1 903 5700 | +234 1 903 5725

Email enquiries@abbeymortgagebank.com Website


Home ownership is a priority for most Nigerians. However, the accessibility has remained a dream for a significant proportion of the population due to limited sources of suitable financing and limited access to affordable housing.

Abbey Mortgage Bank Plc is offering through its involvement in the housing and mortgage sectors to make this dream a reality.
Abbey Mortgage Bank Plc is the premier, largest and most profitable, non-aligned Primary Mortgage Bank in Nigeria.

Abbey is one of the seven national Primary Mortgage Banks (PMB) licensed by the Central Bank of Nigeria and Federal Mortgage Bank of Nigeria (FMBN). The recent recapitalization exercise saw the down size from 105 mortgage banks to only 34 now surviving. We not only emerged successfully capitalized but one of the few that also met our National obligation as well as amongst the public liability companies.

Abbey Mortgage Bank Plc focuses on providing economical housing units for interested home seekers/developers/cooperatives who desire a well-structured mortgage offer. Further to this, we also keep our customers abreast with financial activities as well as provide high quality customer service.

The Abbey Mortgage Bank Plc housing and mortgage products are available to all Nigerians resident in the country. If you need help finding a property to buy, we can provide advice and assistance in helping in you make the right choice.

Abbey Mortgage Bank Plc is a Primary Mortgage Bank which operates under the supervision of the Central Bank of Nigeria. Our business is providing banking services in personal savings and investments, cash management, specialized banking, deposit and funds management, children and school account services, real estate and mortgage services, amongst others.

We are also an accredited Primary Mortgage Bank (PMB) for the National Housing Fund (NHF) and a subscriber to the recently created Nigerian Mortgage Refinance Company Plc (NMRC).

Our services include the following:

  • Retail banking (corporate and individual)
  • Wholesale banking (corporate and individual)
  • Mortgage banking
  • Lending and Mortgages (Retail and wholesale)
  • Electronic banking

Our History

ABBEY was incorporated on August 26, 1991 and licensed to carry on business as a primary mortgage institution (PMI) by the Central Bank of Nigeria on January 11, 1992. Full commercial operations commenced on March 11, 1992. ABBEY commenced with an initial authorized share capital of N5million. Our share capital is currently N2.1billion, whilst our equity has grown over the years through capital injection, bonus issue, and profitable trading to more than N6 billion. Total assets are in excess of 12billion as at December 2015. At present, we are one of the most capitalized mortgage banks in Nigeria.

ABBEY currently employs over 200 staff. We have ten (10) branches covering three regions of the country including 3 branches in the FCT, and 6 in the Lagos axis.

Abbey was the first mortgage bank in Nigeria to:

  • Have foreign equity investment through Africinvest Capital Partners, Tunisia.
  • Be rated by an independent Rating Agency in Nigeria
  • To be IFRS compliant

Our Professional affiliation/membership include:

  • Mortgage Banking Association of Nigeria (MBAN).
  • African Union of Housing Finance (AUHF).
BOARD

R... A...

Chief Executive Officer
Effective 25 years ago
ABBEY MORTGAGE BANK
Nigeria - Finance | Banking
Chief Executive Officer
Effective 25 years ago


UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Non-Executive Director
Ongoing

Vice Chairman
2013 - Unknown
40 relationships

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Chairman
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Executive Director
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Non-Executive Director
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Non-Executive Director
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MANAGEMENT

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Financial Controller
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Head, Human Capital
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Company Secretary And Legal Adviser
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General Manager, Operations
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Head, Risk Asset And Liability Management
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Corporate Marketing And Project Manager
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Head, Treasury
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Head, Business Systems Review And Compliance
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Head, Debt Recovery
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