Cooperative Mortgage Bank introduces agency banking system
In furtherance of its commitment to bringing banking closer to the populace for efficiency and transparency, the management of Cooperative Mortgage Bank
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In furtherance of its commitment to bringing banking closer to the populace for efficiency and transparency, the management of Cooperative Mortgage Bank
The Cooperative Mortgage Bank (CMB) has introduced a unique agency banking system known as the Coop One-Stop. The bank in a statement by its Head, Communications and Public Relations, Mrs. Olufunmilayo Afolabi, explained that the initiative was designed to allow agents who would be physically present in cooperative society offices, local governments, universities, markets, villages and small communities to provide regular banking services and perform other functions which encompass National Social Housing Savings Scheme, Cooperative Save for Shelter and Thrift Savings (Ajọ). The Head of Age...
Punch Newspapers Sections Nike Popoola The acting Chairman, Cooperative Mortgage Bank, Walter Ogujiofor, has said that despite the harsh economic condition in the country, CMB’s gross earnings rose by 62.5 per cent between 2017 and 2019. A statement on Monday titled ‘CMB records 62 per cent gross earnings growth’, said he disclosed this during the bank’s annual general meeting that held virtually from the corporate headquarters of the bank in Ibadan. He also disclosed that the company’s profit after tax during the years under review also grew by 112 per cent, attributing the succe...