At 32, mortgage bank pledges engagement | The Guardian Nigeria News

Abbey Mortgage Bank has pledged to remain committed to contributing significantly to the betterment of society as it marks its 32nd anniversary.

Some of the bank’s notable initiatives include the Abbey Walk for the Environment 2022 and donations to address pressing medical challenges, exemplifying the bank’s dedication to making a meaningful difference in the community.

It has also been a staunch supporter of the arts, recognising the power of culture and creativity in enriching communities. This includes student stage productions such as Lipstick Fever and Duke of Shomolu.

The bank has also achieved a remarkable decrease in Non-Performing Loans (NPL), from 70 per cent in 2020 to an impressive 7.35 per cent this year. This achievement reflects the bank’s prudent risk management practices and dedication to maintaining a healthy loan portfolio.

Speaking on the journey so far, the Managing Director/Chief Executive Officer (CEO), Mobolaji Adewumi, said: “Through dedication and innovation, our workforce has been the driving force behind Abbey Mortgage Bank’s transformative journey.”

Their commitment to excellence, supported by a diverse management committee, has played a pivotal role in shaping Abbey into what it is today.”

Since its establishment in 1992, the bank has undergone remarkable transformation. Beyond providing traditional mortgage services, it has expanded into retail banking, broadening its scope to better serve its customers.

Further, the mortgage bank remains dedicated to addressing societal needs through innovative products and initiatives. The bank, last year, launched a game-changing product, WIRE, bridging the gap in the real estate industry for women. WIRE provides tailored financing solutions, empowering women to thrive in the sector.

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