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AG Mortgage Bank PLC is intensifying efforts to fortify its superior basal and broaden owe entree successful Nigeria, contempt ongoing economical challenges specified arsenic ostentation and currency fluctuations. The slope announced plans to summation its equity superior to 10 cardinal naira and is partnering connected initiatives to grow affordable homeownership opportunities to Nigerians, to enactment the nation’s lodging assemblage amid a challenging fiscal landscape.
The owe slope commemorated 20 years of work successful Nigeria’s owe assemblage with a important lawsuit held connected Friday, September 26, 2025, successful Abuja.
The juncture brought unneurotic the bank’s committee of directors, cardinal stakeholders, and partners who reflected connected the institution’s travel and plans amid a challenging economical landscape.
Founded successful 2004 with the imaginativeness of providing accessible, liable owe lending, AG Mortgage Bank PLC has established itself arsenic a cardinal subordinate successful the affordable lodging market. Chairman Rev. Dr Abel Amadi highlighted the bank’s maturation into a starring unit dedicated to making homeownership achievable for Nigerians. He acknowledged the hurdles posed by persistent economical difficulties, including currency devaluation, inflation, and argumentation shifts specified arsenic subsidy removals, which proceed to interaction the banking and lodging sectors.The bank’s progressive relation successful the Ministry of Finance Incorporated Real Estate Investment Fund (M-REIF) was a notable accomplishment presented during the event. The slope has successfully disbursed implicit 2.8 cardinal naira to 97 applicants nether the scheme—demonstrating its committedness to expanding affordable owe access.
Amadi besides addressed the bank’s fiscal health, stating efforts are underway to fortify the equilibrium expanse and summation equity superior to N10 cardinal done a rights issue. However, dividend payments stay withheld owed to concerns astir existent superior impairment.
The managing manager and main enforcement officer, Ngozi Anyogu, emphasised the bank’s continuous dedication to innovation and strategical maturation contempt the prevailing economical headwinds. He highlighted the institution’s halfway values successful the AGITRIP (Accountability, Godliness, Integrity, Teamwork, Respect, Innovation, and Professionalism). He underscored the value of bully firm governance and transparency successful maintaining nationalist trust.
Anyogu revealed that AG Mortgage Bank PLC is moving intimately with Invest Africa to make 300,000 owe opportunities wrong the adjacent six years, with eventual plans to standard up to 1 cardinal customers. This ambitious people addresses Nigeria’s important lodging shortage done accrued owe availability.
The slope besides prioritises Environmental, Social, and Governance (ESG) standards successful its operations, demonstrating a committedness to promoting sustainable lodging solutions. Planned merchandise innovations purpose to code marketplace needs portion prudently expanding inclusive location financing access.
Community empowerment remains a cardinal absorption for the bank. Their initiative, Empowering Society Through Women (ES-TIW), targets reaching 500,000 women nationwide with programs that beforehand fiscal literacy, healthcare access, and economical empowerment—further enhancing societal interaction beyond owe lending.
The day lawsuit concluded with an awards ceremonial honouring individuals and organisations contributing importantly to the bank’s journey. Awardees included ineligible professionals, existent property experts, committee members, and spouse firms recognised for their pioneering enactment and sustained collaboration.AG Mortgage Bank PLC’s 20-year milestone showcases a blend of resilience, strategical partnerships, and societal responsibility, positioning the instauration arsenic a trusted person committed to driving Nigeria’s affordable lodging assemblage guardant done innovative owe financing.
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