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Abbey Mortgage Bank Plc is one of the seven national Primary Mortgage Banks (PMB) licensed by the Central Bank of Nigeria and Federal Mortgage Bank of Nigeria (FMBN). The recent recapitalization exercise saw the down size from 105 mortgage banks to only 34 now surviving. We not only emerged successfully capitalized but one of the few that also met our National obligation as well as amongst the public liability companies.

Abbey Mortgage Bank is a Primary Mortgage Bank which operates under the supervision of the Central Bank of Nigeria. Our business is providing banking services in personal savings and investments, cash management, specialized banking, deposit and funds management, children and school account services, real estate and mortgage services, amongst others.

ABBEY is an accredited primary mortgage bank (PMB) for the National Housing Funding (NHF) on-lending facilities.
We offer various mortgage and investment products, guidance and advisory services to corporate organizations and individuals to empower them to access housing finance. We also finance and facilitate the provision of mortgage and real estate related services to respond to their needs.

Q Does the cash policy mean there will not be cash in circulation or people are not allowed to use cash?

No. There will still be cash in circulation. The cash policy aims at reducing the usage of cash and increasing the use of alternatives to cash due to the negative consequences of cash usage.

Q How much will I be charged when I deposit or withdraw cash above the limit?

You will be charged 3% for individuals and 5% for corporates over the limit withdrawn, while there will be a 2% for individuals and 5% for corporates over the amount deposited

Q Can I withdraw more than once but not exceeding 150,000 each?

Yes, you can withdraw more than once and NOT breach the policy provided your cumulative withdrawals per day do not exceed N500,000 for individual and N3,000,000 for corporates

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