Firm Transitions To Commercial Banking After CBN Approval

Abbey Bank Plc, formerly Abbey Mortgage Bank Plc, has said it is entering a new era of banking beyond mortgage finance as it prepares for commercial banking operations.
The bank said the move follows approval by the Central Bank of Nigeria (CBN) to convert to a regional commercial bank, marking a significant milestone after more than three decades of operations in mortgage financing, real estate development and customer-focused financial services.
According to the bank, the transition represents more than a change in licence or name. It signals Abbey’s ambition to expand access to financial services, deepen customer relationships and create greater opportunities for individuals, busin...