The management of Cooperative Mortgage Bank said it had set a target of raising its performance level in the finance industry by sourcing for N5bn through shareholders’ funds and reaching the goal of the N12bn balance sheet by the year 2020.
A director in the bank, Oluwole Okunuga, stated this during the opening ceremony of the company’s Annual Retreat held at the Babcock University, Ilisan Remo, Ogun State as part of the activities to mark its 25th anniversary.
Okunuga said, “The theme of the retreat is Review, Renew and Reinvent. The management board of CMB is in a new era and it has set a target of raising N5bn from shareholders fund. The company is also looking at the goal of creating an N12bn balance sheet by the year 2020. The effort of the workers in the company in dealing with customers will be central to achieving these near-future goals…”
Also, the Managing Director/ CEO of the company, Mr. Ayinde Tukur, said the growing deposit base of the company would help to realize the goals. According to him, having reached the present height of the N4bn deposit base, the 2020 agenda would not be difficult to achieve.
At the retreat, the company also launched its version of Automated Teller Machine Card. The Managing Director/ CEO of Finesse Management Consultant and Shareholder, Mrs. Dupe Akindeko, said that with the new initiative, CMB has the advantage to hasten its growth in the industry.
The Punch- Wednesday, February 13, 2019