The recently held AG Mortgage Bank Plc (AGMB) 20th anniversary product exhibition showcased the bank’s resilience, growth, and commitment to innovation over two decades, its Chief Executive Officer (CEO) said.
“From our inception, driven by a bold vision, AG Mortgage Bank Plc has evolved into a trusted institution synonymous with tailored financial solutions that meet the dynamic needs of individuals, businesses, and entire communities,” said Ngozi Anyogu, Managing Director/Chief Executive Officer, AG Mortgage Bank Plc.
The CEO further noted that the 20th anniversary highlighted the bank’s evolution into a trusted institution that not only provides innovative mortgage products but also plays a vital role in driving economic growth and sustainable housing solutions in Nigeria.
“In September 2025, we proudly celebrated our 20th anniversary—two decades marked by unwavering dedication, impactful innovation, and transformative service to millions of Nigerians,” Anyogu added.
The bank leveraged the event to unveil plans to raise fresh capital to scale operations, strengthen its balance sheet, and support Nigeria’s housing finance sector.
In 2024 financial year, the bank’s gross earnings rose by 7 percent year-on-year to N3.47 billion, while total assets expanded to N22.36 billion, up from N21.1 billion in 2023. Also, shareholders’ funds grew by 8 percent to N6.1 billion within the same period.
The banks N10 billion capital raise is being pursued through offerings to existing shareholders, strategic partners, institutional investors, high-net-worth individuals, and development finance institutions.
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The event also highlighted major emphasis on corporate values such as Accountability, Godliness, Integrity, Teamwork, Respect, Innovation, and Professionalism (AGITRIP); recognition of AG Mortgage Bank as a pillar of hope and a catalyst for change in the Nigerian mortgage sector; partnering with Invest Africa to expand reach and impact in housing finance, among others.
Key highlights of the 20th anniversary include: celebrating two decades of growth from one branch in 2005 to five branches and a capital growth from N200 million to N23 billion; financing over 20,000 homes in Nigeria, helping to address the housing deficit; commitment to Project Momentum 2025-2030, including goals to create 300,000 mortgages, grow the customer base to one million, raise capital to N20 billion, and lead green sustainable housing efforts.
Held at The Continental Hotel, Abuja, where the exhibition was part of a grand celebration attended by industry leaders, customers, shareholders, regulators, and key stakeholders, the event included thanksgiving, keynote addresses, and award presentations, cultural performances reflecting Nigeria’s diversity, and the unveiling of over 12 new products tailored to meet Nigeria’s evolving housing finance needs.
Highlights of the exhibition included the launch of: Sustainability Products focused on green financing and ESG-aligned investments supporting Nigeria’s Sustainable Development Goals; Treasury Products for institutional investors and corporations seeking secure and high-yield instruments; Flexible Loan Products designed with Nigerian households and businesses in mind to improve access to credit; and E-Business Products delivering seamless digital transactions and business automation tailored for SMEs and entrepreneurs.
These products exemplify AG Mortgage Bank’s commitment to financial inclusion, innovation, and sustainable national development.
“Our recent landmark product exhibition unveiled a suite of innovative offerings—ranging from treasury products designed for institutional investors, to Sustainability products supporting Nigeria’s green development aspirations, and digital-first E-Business solutions empowering SMEs and entrepreneurs.
“As we advance in 2025, we are firmly anchored by Project Momentum 2025-2030. This bold strategic blueprint guides our transformation into a diversified Group Structure encompasses mortgage finance, housing microfinance, development, insurance, brokerage, and rental housing services. Among our ambitious goals are increasing shareholder value with a 20 percent return on equity, leading green sustainable housing initiatives, and significantly growing our customer base and loan portfolio,” the CEO further noted.