Speaking with reporters in Calabar at the opening of the bank’s two-day zonal retreat for Southsouth region, the Executive Director, Business Development and Portfolio Management in the bank, Umar Abdullah said management has put forward to the government the need to recapitalise the bank to the tune of N500 billion.
He said if this is done, the bank can expand the mortgage market. Umar said: “The bank was created with a per capital base of just N5 billion and it is the foremost secondary mortgage market.
(The Nation)
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