AG Mortgage Financial institution Plc (AGMB) has created an accessible pathway to residence possession for Diaspora Nigerians.
The target is to assist decrease and medium households personal reasonably priced and livable properties of their cities of selection in Nigeria no matter their nation of residence.
Commenting on this, Ngozi Anyogu, MD/CEO, AG Mortgage Financial institution Plc mentioned, “Over 17 million Nigerians dwell overseas, these Nigerians, motivated by cultural ties and long-term funding targets, signify a major a part of the underserved market in the true property area in Nigeria.
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He mentioned the AG Mortgage Financial institution Plc’s Diaspora Residence Possession Scheme is making it attainable for Diasporians to personal properties in Nigeria.
AG Mortgage Financial institution Plc is rated by Augusto & Co. and BBB by Knowledge Professional Ranking Businesses.
“The Nigerian Diaspora inhabitants considerably contributes to the Nigerian financial system by means of its large residence remittances ($19.550 million the best in Africa in 2023). However past cash remittances, what subsequent?”, Anyogu mentioned.
“To assist Diasporians maximize return on their remittances on a sustainable foundation, the financial institution had designed focused merchandise to fulfill these wants,” he added.
The financial institution was structured from inception as a faith-based to fulfill the wants of its various stakeholders, prospects, communities, regulators, workers, and shareholders. AG Mortgage Financial institution is a CBN Licensed Mortgage Financial institution with Nationwide accreditation. The financial institution commenced enterprise in January 2005 with the Assemblies of God Nigeria as a core investor.
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“AGMB Diaspora service choices are a deliberate extension of the Banks ESG Programme by empowering Nigerians within the Diaspora to spend money on the house nation to assist growth in native communities, enhancing residence possession throughout demographics and notably to first-time residence patrons, offering mortgages to underserved markets to boost homeownership charge and strengthening neighborhood ties,” Anyogu mentioned.
AG Mortgage Financial institution is dedicated to positively impacting the Nigerian financial system by means of its Environmental, Social, and Governance (ESG) tasks, protecting assist for eco-friendly actual property growth tasks, environmental sustainability schemes, and neighborhood assist programmes in well being, schooling, and monetary inclusion.
The financial institution’s administrators possess over 200 years of collective expertise in company governance throughout sectors and professionals, protecting actual property, finance, manufacturing, regulation, and advisory in native and Multinational Establishments.
