Abbey Mortgage Bank Plc has announced plans to raise N100 billion in fresh capital as part of its strategy to meet Central Bank of Nigeria (CBN) recapitalisation and strengthen its balance sheet.
The listed Mortgage Bank on the Nigerian Exchange Limited (NGX) disclosed this as part of its resolutions passed at the just concluded 33rd virtual Annual General Meeting (AGM).
In line with regulatory requirements and its growth agenda, Abbey Mortgage Bank said it aimed at securing strong capital inflows to support its expansion plans.