By Alex C
ASO Savings and Loans Plc, a Primary Mortgage Institution (PMI), has expressed plans to expand its business operations to all states of the Federation. With footprints in the Federal Capital Territory (FCT,) Lagos, Cross Rivers and Oyo, providing mortgage opportunities to public servants and prospective clients, it aims to achieve its 3-year strategic plan following meeting the Central Bank of Nigeria’s N5 billion minimum requirement for Primary Mortgage Institution (PMIs).
Mr Hassan Musa Usman, Managing Director, ASO Savings and Loans Plc, said that with the company’s robust capitalisation, asset base and capital projects across the country, it has been able to grow its equity and capital base.
In keeping with the brand promise to be the mortgage bank of choice and create affordable homes to Nigerians, Usman noted that expanding its business operations of ASO Savings and Loans Plc is part of its vision for the company in 2014.
A peep into ASO Savings and Loans Plc reveal a variety of products groups (Individual Banking, Home Financing, Small Business Banking, Real Estate Investment Banking and E-Banking) targeted at meeting its clientele base.
Achievements of ASO Savings and Loans Plc include delivering social mortgages to beneficiaries under the National Housing Fund (NHF) Scheme and originating mortgages for residential mortgages securities during the 2007 N25billion Sale of Federal Government Houses bond in Abuja.
The company currently operates from twenty-three (23) branches and two cash centers within the FCT, Lagos, Rivers, Ondo, Kano, Niger, Kaduna and Edo states of the Federation.
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