Corporate Profile

Cooperative Mortgage Bank Limited is licensed and regulated by the CBN, insured by the NDIC, regulated by the FMBN and accredited by the FDC as a cooperators’ bank.

We are a member of the ICA and ICBA, and our MD, Mr Musa Abubakar sits on a Seven-man board.

Our twin objectives are significantly; bridging the gap in the supply of affordable and durable houses in Nigeria and providing structured mortgages for ease of home ownership. The Bank was established in 1994 with our head office in Ibadan and contact centers in Lagos and Abuja. Currently, we have grown and expanded with more contact centers across the nation. Cooperative Mortgage Bank Limited has consistently built relationships with its customers by focusing on the fundamentals of good corporate governance, risk management, leadership and outstanding services.

The Bank offers a comprehensive range of services such as Mortgage Banking, Real Estate Construction Finance and financial advisory services with special focus on cooperatives.

We are the Cooperators‘ Bank as 95% of our business is with cooperatives. In 2015, the bank was awarded the best mortgage bank in Nigeria by the CFI and also won an award of Excellence in Mortgage Banking by the Nigeria Housing award in 2020.

Furthermore, the bank has funded the development of Estates in Lagos, Abuja, Port Harcourt and Ibadan.

We pride ourselves as the cooperators’ bank as our business goal is to ensure that every cooperator through their various cooperative societies become home owners without strain.

CMBANK

cmbanknigeria

Board of Directors

Real Estate Development Loan (REDL)