AG Mortgage Bank eyes 2030 to become Nigeria’s largest Housing Finance Group

AG Mortgage Bank Plc (AGMB) has activated its 5-year transformational plan (2025-2030) with emphasis on the High 5s, namely: organisational transformation, sustainable capital base, growth, impact, and shareholder value.

With this transformational plan, AG Mortgage Bank expects to be Nigeria’s No. I Housing Finance Group by the year 2030, as shown in its strategy for the immediate future and the goals the bank will be working to achieve by 2030.

Commenting on this journey, Ngozi Anyogu, MD/CEO, AG Mortgage Bank Plc, said, “The transformation is worth it, and this is why. As CEO, I am convinced that Nigerians desiring to own homes are making too many financial trade-offs to realise their dreams of home ownership. AGMB, as the category leader for affordable housing mortgage delivery, has to bring a radical change in performance to the consumer”.

“Our strategy as a National Mortgage Bank is to increase the volume of housing with our set goal of one million Mortgages by 2030. This way, we can create wealth for all our investors, customers and help reduce the 20 million housing deficit in Nigeria through shared wealth creation for the entire real estate value chain,” AG Mortgage Bank Plc noted.

Read also: AG Mortgage Bank: Financing for impact, better future

AG Mortgage Bank Plc’s growth strategy as a National Mortgage Bank (NMB) is to increase the volume of housing, with AGMB set goal of one million Mortgages by 2030. This way, AGMB can create wealth for all its investors, customers and help reduce the 20 million housing deficit in Nigeria through shared wealth creation for the entire real estate value chain. The bank lives by its slogan – “The partner you can trust”.

AGMB offers the best-in-class mortgage solutions to Nigerian consumers that enable them to own affordable housing and livable homes through the bank’s network of partners and competent and motivated team working across the bank’s regional offices in the west, north, and east.

“We are committed to being the leading Primary Mortgage Institution in Nigeria with a commanding nation-wide presence; To this end, we were granted a National Mortgage Banking License by the Central Bank of Nigeria, and we now have Regional offices in the North (Abuja), East (Enugu) and West (Lagos) with our headquarters located at 96, Opebi Street, Ikeja, Lagos,” the mortgage bank said.

AGMB believes it can play a major role in making a difference to the lives of millions of Nigerians by making home ownership accessible to them.

With AG Mortgage Bank Plc, housing possibilities are endless because: Developers access construction finance and mortgage advisory services; cooperative leverage the bank to provide affordable mortgage for their members, traders associations own shops/offices on friendly terms through AG Mortgage Bank Plc commercial mortgage products; schools and religious bodies have their needs for land and place of worship met through the bank’s social mortgage schemes; and public and private sector advisory services and support for implementing staff home ownership scheme under AG Mortgage Bank Plc mortgage advisory and residential mortgage products.

The transformational growth plan aligns with the long-term vision of AG Mortgage Bank Plc, which is to: “Be the No. 1 housing finance group in Nigeria, providing exceptional customer service and driving sustainable growth and economic development in the communities we serve”.

Read also: AG Mortgage Bank creates home ownership pathway for 17m Nigerians in diaspora

The bank recognises the importance of the adoption of best practice principles and valuable contribution to long-term business prosperity and accountability to its stakeholders. To this end, AG Mortgage Bank Plc is managed in a way that maximises long-term shareholder value and takes into account the interests of all its stakeholders.

AG Mortgage Bank Plc is dedicated to the protection and promotion of shareholders’ and investors’ interests. AGMB is regularly updating and reviewing its structures and processes in order to implement the best business practices at all times and, in turn, exhibiting a value-based performance.

As a member of the Mortgage Banking Association of Nigeria (MBAN) and as a PMB, AG Mortgage Bank Plc’s primary business is the provision of Mortgage lending, Real Estate Construction Finance, drawing from Mortgage funds such as the National Housing Fund Facility, for on-lending acceptance of savings term, Mortgage-focused demand deposits and financial advisory services.

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.

Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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