Abbey Mortgage Bank holds 30th AGM Tuesday
By EDU ABADE, Business Editor
The 30th Annual General Meeting of Abbey Mortgage Bank is scheduled to hold on Tuesday, July 19, 2022 at its corporate head office in Lagos at 11:00a.m.
As one of the seven national Primary Mortgage Banks (PMBs) licensed by the Central Bank of Nigeria (CBN) and the Federal Mortgage Bank of Nigeria (FMBN), Abbey Mortgage Bank continues to lead the industry as an innovator in the Nigerian mortgage sector, not only offering mortgage services, but also retail and investment banking solutions and positioning itself as a one-stop-shop for domestic banking needs.
Managing Director of the bank, Mobolaji Adewumi, said: “2021 was a pivotal and redefining year for Abbey, as we worked strategically to return the institution back to the path of sustainable profitability.
“We believe this is only the tip of the iceberg, as our forecasts, transformation, technology and innovation strategies for the short to mid-term, is expected to boost earnings and returns for our shareholders. This will form the basis of the discussions at this year’s AGM.”
Read Also: AfDB ranks first on global aid transparency index
Other items on the agenda include the Board of Director’s report on the company’s activities during the past financial year, adoption of the audited 2021 Annual Report, proposed distribution of profit as recorded in the adopted Annual Report, the proposed dividend to be distributed and proposal to cover any losses and other proposal by shareholders and board of directors.
The AGM will be streamed live on social media platforms, Abbey Mortgage Bank Plc on YouTube, Facebook, Teams, Zoom and Instagram, which stakeholders, guest and other interested participants can join.
This year marks Abbey’s 30th year of exceptional service in simplifying mortgage, housing, finance and investments to Nigerians. With our strategic partnership with the VFD Group and a rebranded image, we are poised for improved business growth and productivity in this evolving digital world.