Pioneering efforts at home loan products earn Trustbond Mortgage int’l recognition
For its pioneering and unwavering efforts at home loan products development that further financial inclusion in Nigeria, Trustbond Mortgage Bank Plc, one of Nigeria’s leading primary mortgage banks (PMBs), has garnered international recognition and an award.
The bank, known for maintaining an array of corporate social responsibility initiatives aimed at helping people gain stability through home ownership, and also for its strict adherence to corporate governance standards, was conferred with ‘Outstanding Contribution to Home Ownership in Nigeria Award 2017’.
The award was given by United Kingdom-based Capital Finance International (CFI.co)—an international print journal and an online resource reporting business, economics and finance—which seeks to identify inspirational individuals and organisations from developing as well as developed markets as world economies converge.
To qualify for the award, TrustBond was nominated by CFI.co audience, and then shortlisted for further consideration by a panel. CFI.co’s research team gathered additional information to help it to reach final decision. Senior members of nominee-management team had the opportunity to provide the judges with personal views of what sets their companies and institutions apart from competition.
A statement obtained from the bank at the weekend notes that, by this award, Trustbond joins other past winners in corporate Nigeria, including Zenith Bank, Schlumberger Nigeria, CRC Credit Bureau, Rosabon Financial Services, ARM Investment Managers and PricewaterhouseCoopers Nigeria who had won an award from CFI.co in different categories in the recent past.
“The award will impact on our brand and challenge us to continue to maintain high standards even as we strive to make more Nigerians homeowners”, said Adeniyi Akinlusi, the bank’s MD/CEO.
Continuing, Adeniyi said that “the promotion of home ownership is a shortcut to attaining sustainable economic growth, giving people a tangible stake in their country’s development and adding to overall societal stability. The emergence of a solid mortgage industry is, thus, a precursor of improved living standards and an indicator of a market’s ability to focus on the long-term”.
TrustBond is a pioneer in the development of home loan products that further financial inclusion. The bank has introduced a number of innovative mortgage and real estate finance solutions that unlock access to long-term capital. In particular, the bank has developed innovative products that address specific financial and mortgage needs such as those of bereaved families facing eviction and the millennials – the future generation of Nigerians that accounts for over 70% of the country’s population.
“With collaborations and partnerships, this would go a long way in contributing to the achievement of the UN’s Sustainable Development Goals (SDGs) in Nigeria – the most populous country and largest economy in Africa”, Adeniyi assured.
TrustBond maintains an array of corporate social responsibility initiatives with a view to helping people gain stability through home ownership. It is able to do this through strict adherence to corporate governance standards. The bank has also been able to tap into long-term funds at reduced interest rates, thus driving down the price of its products.
CHUKA UROKO