AG Mortgage Bank PLC to Raise N10 Billion for Real Estate Expansion in Nigeria
AG Mortgage Bank PLC is set to raise N10 billion in debt and equity funds to enhance its mortgage operations and provide sustainable real estate development solutions in Nigeria. The bank aims to bridge the housing gap by tailoring trust-driven services and achieving a 25% return on investment next year.
With a proven track record of growth, AG Mortgage Bank PLC plans to scale its mortgage-related operations, increase earnings, and diversify stakeholder satisfaction. The capital injection will enable the bank to contribute to filling Nigeria's housing deficit and leverage its infrastructure and workforce experience for further growth in the real estate market.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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