FirstTrust Mortgage Bank Plc is a mortgage bank resulting from the merger between First Mortgages Limited and TrustBond Mortgage Bank Plc with the intention of creating a strong financial institution that is capable of playing a headship role in the mortgage banking sector.
The synergy is with the intent of enhancing stakeholders and shareholders ‘value. This is with the believe that the new Bank (FirstTrust Mortgage Bank Plc) would run more efficiently than each Bank operating on its own. It is expected that the Bank should have higher operating synergies which will result in increased benefits made possible to its customers by combining complementary operations.
With the advent of the reforms in the National Housing Policy which are aimed at improved liquidity in the Mortgage Banking industry, the new bank with enhanced capital base will be repositioned to facilitate the implementation of the National Housing Policy, which will assist many Nigerians to own homes.
