Photo: Ngozi Anyaogu
AG Mortgage Bank Plc has showcased its resilience, growth, and commitment to innovation over the past two decades, as it marked its 20th anniversary with a product exhibition in Abuja.
The bank, in a statement on Sunday, stated that it leveraged the milestone event to unveil plans to raise fresh capital aimed at scaling its operations, strengthening its balance sheet, and supporting Nigeria’s housing finance sector. The N10bn capital raise, according to the bank, is being pursued through offerings to existing shareholders, strategic partners, institutional investors, high-net-worth individuals, and development finance institutions.
Speaking at the event, the Managing Director and Chief Executive Officer of AG Mortgage Bank Plc, Ngozi Anyogu, said the anniversary represented a significant milestone in the bank’s journey.
“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 said.
He noted that the anniversary celebration, held in Abuja, 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.
Financially, the bank recorded steady growth in the 2024 financial year. Its gross earnings rose by seven per cent year-on-year to N3.47bn, while total assets expanded to N22.36bn from N21.1bn in 2023. Shareholders’ funds also grew by eight per cent to N6.1bn within the same period.
“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,” Anyogu added.
The event also underscored the bank’s emphasis on corporate values such as Accountability, Godliness, Integrity, Teamwork, Respect, Innovation, and Professionalism. It further highlighted recognition of AG Mortgage Bank as a pillar of hope and a catalyst for change in Nigeria’s mortgage sector, as well as its partnership with Invest Africa to expand reach and impact in housing finance.
Key highlights of the 20th anniversary included celebrating the bank’s growth from a single branch in 2005 to five branches, alongside capital growth from N200m to N23bn. The bank said it has financed over 20,000 homes nationwide, contributing to efforts to address Nigeria’s housing deficit.
The celebration also reaffirmed the bank’s commitment to Project Momentum 2025–2030, which includes targets to create 300,000 mortgages, grow its customer base to one million, raise capital to N20bn, and lead green, sustainable housing initiatives.
Held at the Continental Hotel, Abuja, the exhibition formed part of a grand celebration attended by industry leaders, customers, shareholders, regulators, and key stakeholders. Activities included thanksgiving, keynote addresses, award presentations, cultural performances reflecting Nigeria’s diversity, and the unveiling of over 12 new products tailored to Nigeria’s evolving housing finance needs.
Products launched at the exhibition included 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, high-yield instruments; Flexible Loan Products designed to improve access to credit for Nigerian households and businesses; and E-Business Products delivering seamless digital transactions and business automation for SMEs and entrepreneurs.
“These products exemplify AG Mortgage Bank’s commitment to financial inclusion, innovation, and sustainable national development,” the bank said.
Reflecting further on the exhibition, Anyogu said, “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 that encompasses mortgage finance, housing microfinance, development, insurance, brokerage, and rental housing services.
