Abbey Mortgage Bank, a leading institution in the mortgage industry, proudly commemorates its 32nd anniversary. Over the past three decades, Abbey Mortgage Bank has evolved into a beacon of excellence, driving positive change and making a lasting impact on individuals and communities alike.
Since its establishment in 1992, Abbey Mortgage Bank has undergone remarkable transformations, emerging as a pioneer in the mortgage sector. Beyond providing traditional mortgage services, the bank has expanded into retail banking, broadening its scope to better serve its customers’ needs.
“Through dedication and innovation, our workforce has been the driving force behind Abbey Mortgage Bank’s transformative journey,” remarked Mobolaji Adewumi, the Managing Director/CEO of Abbey Mortgage Bank. “Their commitment to excellence, supported by a diverse management committee, has played a pivotal role in shaping Abbey into what it is today.”
Focusing on customer-centric solutions, Abbey Mortgage Bank is innovation-driven, leveraging technology to enhance its services. The bank introduced a mobile banking app, AbbeyMobile as well as Abbey CIB – a Corporate Internet Banking platform which launched last year, offering customers convenient and secure banking solutions.
Furthermore, Abbey Mortgage Bank remains dedicated to addressing societal needs through innovative products and initiatives. The bank last year, launched a game-changing product, WIRE, bridging the gap in the real estate industry for women. WIRE provides tailored financing solutions, empowering women to thrive in the sector.
Throughout its transformative journey, Abbey Mortgage Bank has remained deeply committed to corporate social responsibility (CSR) initiatives, contributing significantly to the betterment of society.
Notable initiatives include the Abbey Walk for the Environment 2022 and donations to address pressing medical challenges, exemplifying the bank’s dedication to making a meaningful difference in the community.
Additionally, Abbey Mortgage Bank has been a staunch supporter of the arts, recognizing the power of culture and creativity in enriching communities. This includes student stage productions like Lipstick Fever, and the Duke of Shomolu Plays.
The bank has also achieved a remarkable decrease in non-performing loans (NPL), reducing from 70% in 2020 to an impressive 7.35% as of [Current Year]. This achievement reflects the bank’s prudent risk management practices and dedication to maintaining a healthy loan portfolio.
Moreover, Abbey Mortgage Bank’s dedication to excellence has been recognized with prestigious awards from notable bodies, including Mortgage Bank of the Year and Best Mortgage Brand of the Year. These accolades serve as a testament to the bank’s commitment to delivering exceptional service and innovation in the mortgage industry.
As Abbey Mortgage Bank celebrates 32 years of transformative impact, it reaffirms its commitment to empowering individuals and communities to build dreams and shape a brighter future for all.