ASO Savings & Loans PLC is a Primary Mortgage Institution (PMI), incorporated in Nigeria as a limited liability company on November 9, 1995.
The company formally commenced business on January 2, 1997 and converted to a public liability company (PLC) on September 22, 2005.
ASO Savings & Loans is regulated by the Central Bank of Nigeria under the Mortgage Institution Decree No. 53 of 1989 to carry out the business of mortgage banking in Nigeria.
Between November 2006 and January 2007, ASO Savings & Loans PLC transited from a majority Government owned Company to a majority privately owned Company with Government holding about 16% of the Company’s equity, and in the process acquired over 3,000 new shareholders. As at December 2007, ASO had shareholders funds in excess of N4.5bn.
ASO Savings & Loans was listed on the floor of the Nigerian Stock Exchange on April 25, 2008.