• Home
  • Abbey Mortgage Bank

Tag: Abbey Mortgage Bank

Banking

Abbey Mortgage Bank gets CBN’s approval for commercial banking expansion

Abbey Mortgage Bank Plc, one of Nigeria’s oldest primary mortgage institutions, has received approval from the Central Bank of Nigeria to transition into a commercial bank. The bank, however, is expected to begin full commercial banking operations in the fourth quarter of 2026. The approval represents a significant strategic milestone for the institution, enabling it […]

Shareholders vote to reduce Abbey Mortgage Bank's share capital
Banking

Shareholders vote to reduce Abbey Mortgage Bank’s share capital

The board of directors of Abbey Mortgage Bank Plc received approval from the company’s shareholders to reduce the issued share capital by N3.541 billion. The Times reported that the endorsement came as part of a special resolution during the company’s Lagos-based extraordinary general meeting. According to the statement, “Subject to the approval of the court, the […]