Directory of Financial Institutions in Nigeria- BANKING INDUSTRY > Primary Mortgage Institutions

INTERCONTINENTAL SAVINGS & LOANS LIMITED

Wed, 13 May 2009 20:01:10 GMT

Intercontinental Homes is a Primary Mortgage Institution, established under Decree 53 of 1989, incorporated on May 26, 1992 and licensed to carry out mortgage banking business on December 31, 1993. In order to reflect the new ownership structure as well as the new vision, Partnership Savings and Loans became Intercontinental Homes Savings and Loans Limited in March 2006.

Union Homes Savings and Loans Plc

Wed, 13 May 2009 20:21:37 GMT

Union Homes Savings and Loans Plc, is the mortgage-banking subsidiary of Union Bank of Nigeria Plc. The Institution was incorporated on November 6, 1992 and was issued a licence to carry on mortgage banking business on May 30, 1994. It commenced full operations on August 22, 1994 at its head office and premier branch located at 153, Ikorodu Road, Onipanu, Lagos.As at March 2008, the Institution’s authorized share capital stood at N5billion, while its total assets were N78.4billion. Union Homes offers a wide range of mortgage and banking services. These include, savings, deposits/bankers acceptances, mortgage loans, (commercial loans and National Housing Fund loans) and Pension-Linked Mortgage Scheme loans. After its successful rights issue, the shareholder’s fund has grown to about N10.2billion. The Company is listed on the Nigerian Stock Exchange.

MUTUAL ALLIANCE SAVING & LOANS LIMITED

Wed, 13 May 2009 20:05:53 GMT

Mutual Alliance Savings & Loans Limited was incorporated on 20th August, 1992 as Quality Homes Savings & Loans Limited with a paid-up capital of N10 million. In 2001 the company was taken over by strategic investors who reorganized and re-engineered bank and then changed the name to Mutual Alliance Savings & Loans Limited with a fully paid-up share Capital of N100 million. Presently (2009), Mutual Alliance Savings & Loans Ltd has a fully paid up share capital of N200 million.
Mutual Alliance Savings & Loans Limited is the flagship of the Mutual Alliance Group and has over 10 branches/cash centers nationwide in Nigeria. The bank is fully computerized and has a Board of Directors and Management team made up of well-tested professionals with broad and deep experience in retail, investment and mortgage banking. The bank has its Head Office at Uyo, Akwa Ibom State, Nigeria. The bank has three subsidiaries namely Mutual Alliance Real Estate Ltd, De Petraco Leasing Company Ltd and Mutual Alliance Bureau De Change Ltd.

AG Homes Savings & Loans Plc

Wed, 13 May 2009 20:17:29 GMT

AG Homes Savings & Loans Plc was incorporated in Nigeria on 21st July, 2004 as a Private Limited Liability company to carry on business as a Primary Mortgage Institution [PMI]. It was granted a mortgage banking licence by the Central Bank of Nigeria in December, 2004 and commenced full operations by 31st January, 2005. The company became a public limited company on April 23, 2007.AG Homes Savings & Loans Plc is a member of the Mortgage Bankers Association of Nigeria (MBAN).The Company is engaged in the business of mortgage banking from its corporate head office and two Cash Centers in Lagos, as well as its Enugu Branch.

FBN Mortgages Limited (FBNML)

Wed, 13 May 2009 20:18:07 GMT

FBN Mortgages Limited (FBNML) is a wholly owned mortgage banking subsidiary of First Bank of Nigeria Plc the leading diversified financial services group in Nigeria with total assets of over N614 Billion (about USD 5 Billion),excluding contigents, revenues in excess of N67 billion (USD515 million) and a network of about 400 branches in 2006 and eight subsidiary companies. FBN Mortgages Limited was licensed by the Central Bank of Nigeria as a Primary Mortgage Institution (PMI) on March 2004 and commenced business in May of the same year

CENTAGE SAVINGS & LOANS LIMITED

Wed, 13 May 2009 19:57:08 GMT

Centage Savings and Loans Ltd (Mortgage Bankers) is one of the leading Primary Mortgage Institution (PMI) in Nigeria . The bank was incorporated in July 1992 as a Private Limited Liability Company, and was licensed to carryout the business of mortgage banking in December 1992. The bank has since then remained a key player, providing wide range of services in the mortgage industry in Nigeria .

SPRING MORTGAGE LIMITED

Wed, 13 May 2009 20:13:23 GMT

Springmortgage is a Nigeria based Primary Mortgage Institution (PMI), with competence in Mortgage Creation, Property Trading, and Property Management.
We commenced business in July 2004 as Guardian Express Mortgage Limited.
Following the re-capitalization of our parent bank – Spring Bank Plc, we became Spring Mortgage Limited in September 2006, and emerged as a key player in the mortgage finance sector in terms of products, customer base, and efficiency in service delivery.
Springmortgage has been rated by the Federal Mortgage Bank of Nigeria as a top 3 PMI in processing & accessing National Housing Trust Fund (NHTF) Loans for her customers. This is the result of the considerable skills and resources we have deployed to contribute to the development of mortgage finance systems in Nigeria. Our drive to succeed has made us a Primary Mortgage Institution of choice to many multi-national and blue chip companies.

ACCORD SAVINGS & LOANS LIMITED

Wed, 13 May 2009 20:15:58 GMT

ACCORD SAVINGS & LOANS LIMITED was incorporated in September 1992, as ACCORD MORTGAGE FINANCE COMPANY LIMITED under the Company and Allied Matters Decree of 1992. The company was licensed as a primary mortgage institution in 1993 to carryout mortgage finance business and operations commenced fully in April 1993.
Our licensing was part of the Federal Government initiative to involve the Private Sector Participation in the provision of sustainable housing finance in the Nigerian market.
ACCORD SAVINGS & LOANS LIMITED was incorporated as a limited liability company with an authorized share capital of N5million made up of 5million ordinary share capital of N1 each. These shares were fully issued among its shareholders who are all Nigerians. In 1995, the authorized share capital was raised to N20million by the creation of additional 15million ordinary share of N1 each. By 1996 the authorized share capital was further raised to N40million and as date it has increased to N100million fully paid.

FIRST GENERATION HOMES (SAVINGS & LOANS) LIMITED

Wed, 13 May 2009 19:52:54 GMT

First Generation Homes Savings and Loans Limited is a primary Mortgage Institution incorporated on the 25th of October 1992 with company registration No. 207155. It was licensed by the Federal Mortgage Bank of Nigeria under the Mortgage Institution Decree No. 53 of 1989 to carry out Mortgage Banking in Nigeria.
Having existed previously as Perennial Savings and Loans Limited, it became necessary to change our name to First Generation Homes Limited on January 2004 in line with the changing trends.
Our Head office is located at Syndicate Plaza, Plot 404 Ahmadu Bello way Area 11, Garki Abuja.
Our operations are fully computerized and we offer a full range of banking services including our traditional mortgage functions with the exception of direct dealership in foreign exchange.

FIRST CAPITAL SAVINGS & LOANS LIMITED

Wed, 13 May 2009 19:58:02 GMT

At First Capital Savings & Loan (FCSL) we aim to achieve and protect financial prosperity for our clients.
Funds deposited into First Capital are traded in the Foreign Exchange Currency Market, otherwise known as the FOREX Spot Market.Our team of experienced traders buy and sell currency pairings in the Forex Spot market. The Forex Spot Market is the largest business in the world bar none.

HARVARD TRUST SAVINGS & LOANS LTD.

Wed, 13 May 2009 19:59:52 GMT

Harvard Trust Savings and Loans Limited were licensed in 1992 to carry on mortgage banking business. Our Bank has taken Mortgage Banking System to greater heights through the use of up to date information technology propelled by highly skilled manpower.

INFINITY TRUST SAVINGS & LOANS LIMITED

Wed, 13 May 2009 20:02:22 GMT

Infinity Trust Savings and Loans Limited (Infinity Homes as trade mark) was incorporated as a full fledged Primary Mortgage Bank in 1993, licenced under the Mortgage Institution Decree No. 53 of 1989 to carry on mortgage Banking Business in Nigeria. The Institution commenced operations as Amicable Mortgage Finance Limited in December 1993 and later changed its name to ABS Savings and Loans Limited.
Year 2002 marked the beginning of a new dawn for the Mortgage Bank when it was wholly acquired by some professionals lead in the pack by Adkan Services Nigeria Limited, a reputable Civil Engineering and Real Estate Development Company, as a core investor. Immediately the acquisition was consummated, the name was changed form ABS Savings and Loans Limited to Infinity Trust Savings and Loans to reflect the vision of the new shareholders, and necessary approval obtained.

LEVERAGE HOME SAVINGS & LOANS LTD

Wed, 13 May 2009 20:03:42 GMT

Leverage Home Savings & Loans Limited is a duly registered company incorporated under the Companies & Allied Matter Act with Certificate Number RC 207747 as a Mortgage Bank having complied with all the conditions of Decree 53 of 1989 of the Federal Government of Nigeria.
It commenced business on 1st July 1997 with an initial share capital of N5 million, which has now grown over the minimum capital requirement for primary Mortgage Institutions.

POST SERVICE SAVINGS & LOANS LIMITED

Wed, 13 May 2009 20:07:33 GMT

PHL was granted mortgage license to operate as a PMI on 30th June 2007 by the Central Bank of Nigeria (CBN), having been incorporated under the Laws of the Federal Republic of Nigeria by the Corporate Affairs Commission as a private company limited by shares on 21st October 2005. It is wholly owned by the Nigerian Army with a fully paid up share capital of N100,000,000.Post-Service Homes (Savings & Loans) Limited (PHL) was established as a Primary Mortgage Institution (PMI) to provide housing loans for personnel of the NA in particular as well as the general public.

REFUGE HOME SAVINGS & LOANS LIMITED

Wed, 13 May 2009 20:08:53 GMT

Refuge Home Savings and Loans Limited was incorporated in 1992 as a private Limited Liability Company and licensed by the Central Bank of Nigeria Limited to carry on Mortgage Banking activities. The bank commenced operation in 1993. It is registered with Federal Mortgage Bank of Nigeria Limited as an accredited vehicle for the disbursement of the National Housing Funds.
In 2005, it was acquired by a new core investor who injected fresh capital into the bank. The bank is well capitalized beyond the mandatory level of the CBN.
The new Refuge Home Savings and Loans Limited is a visionary company initiated by the compelling desire to change the landscape of Mortgage Banking especially in the continent of Africa. The owner's motivation is to deliver affordable housing accommodation to its customers on a regular basis through a well thought out funding arrangement. The Bank is currently run by a dynamic and innovative team of management and staff.

RESORT SAVINGS & LOANS LIMITED

Wed, 13 May 2009 20:12:11 GMT

Resort Savings & Loans Plc is duly licensed to carry on mortgage banking business and has operated for over a decade, having commenced business on November 29, 1993, and grown steadily in achievements, acceptability and reputation.
Whilst these formative years have been used to lay a very solid foundation for business development with great emphasis on building public confidence and acceptability, the company thereby successfully pulled through the difficult years of mortgage banking and subsequently has been achieving modest income that continues to increase steadily.The company has acquired its own property located at 12, Boyle Street, Onikan Lagos. The headquarters operates from the 5th floor, St Nicholas House, No 6 Catholic Mission Street Lagos.

Haggai Savings and Loans Limited

Wed, 13 May 2009 20:19:44 GMT

Haggai Savings and Loans Limited (Mortgage Bankers) whose registered office is at 119, Bode Thomas Street, Surulere, Lagos, Nigeria was established upon the vision received by the General Overseer of the Redeemed Christian Church of God, Pastor E. A. Adeboye.Haggai Savings and Loans Bank commenced operations in 1994 as Haggai Investment & Trust Company Limited (as a SEC licensed financial institution).

PLATINUM SAVINGS & LAONS LIMITED

Wed, 13 May 2009 20:06:35 GMT

Platinum Savings & Loans Limited is one of Nigeria’s leading Primary Mortgage Institutions. Incorporated in 1992 with the Corporate Affairs Commission to provide savings, loans and homes ownership, PLS was licensed by the Central Bank of Nigeria and the Federal Mortgage Bank of Nigeria under the CBN Decree 24 of 1991 and FMBN Decree No.53 of 1989 respectively to provided Mortgage Banking Services in Nigeria.
Formerly called Platinum Homes Investment & Mortgage Limited, PSL Limited was recapitalized into a formidable Primary Mortgage Institution backed by innovative products, services, and latest information technology and requisite professional management.
With an authorized capital of over Five Hundred Million Naria only (N=500,000,000.00), Platinum Savings & Loans Limited has repositioned itself to provide excellent home ownership products, including National Housing Fund (NHF) assisted mortgage facilities and retail banking service to our clientele.