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Union Homes

by Nigerian Information Directory on December 19, 2009 · 0 comments

unionhomesUnion Homes, a subsidiary company of Plc is Nigeria’s leading mortgage finance institution. Since its inception in 1994, it has continued to excel in its operations in Nigeria’s housing sector.

Union Homes provides mortgage finance services, builds estates, funds estate developers and estate development, supports investors in housing schemes even at state government levels, and purchases houses and estates for resale to corporate and private customers within and outside Nigeria.

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Spring mortgage

by Nigerian Information Directory on December 19, 2009 · 0 comments

springbankSpring mortgage 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 – 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.

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Intercontinental Homes

by Nigerian Information Directory on December 19, 2009 · 0 comments

intercontinentalhomesIntercontinental 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.

The acquisition of -PSL by Gateway Bank Plc in June 2003 started our dynamic story as a mortgage institution. This development introduced a new focus and way of doing business to the relatively underdeveloped mortgage sub-sector of the Nigerian economy.

As a bank duly licensed to carry out the business of mortgage, PSL was equally accredited to access the National Housing Trust Fund (NHF) by the Federal Mortgage Bank of Nigeria (FMBN), for on-lending. Through this medium, the company created over 500 mortgages.

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FBN Mortgages Limited (FBNML)

by Nigerian Information Directory on December 19, 2009 · 0 comments

firstbankFBN Mortgages Limited (FBNML) is a wholly owned mortgage banking subsidiary of Plc , a leading diversified financial services group in Nigeria with total assets of over N500 Billion (about USD 4 Billion), revenues in excess of N57 billion (USD422 million) and a network of 400 branches in 2005.

The Bank Group is made of the parent company, which is a universal bank and eight subsidiaries, including a fully owned commercial bank in United Kingdom. First Bank has been operating in Nigeria for over 100 years and has a business portfolio including commercial banking, investment banking stockbroking, mortgage banking, registerarship and trustee services, insurance broking, private equity and pension fund custodianship.

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