United Kingdom based Capital Finance International, CFI.co has conferred on TrustBond Mortgage Bank Plc the Banking Award for “Outstanding Contribution to Home Ownership in Nigeria Award 2017.
CFI.co is an international print journal and an online resource reporting business, economics and finance. According to the organisers, the awards seek to identify inspirational individuals and organisations from developing as well as developed markets as world economies converge.
To win the award, TrustBond Mortgage Bank was nominated by CFI.co audience, and then shortlisted for further consideration by a panel. CFI.co's research team was said to have gathered additional information to help reach a final decision. Thus, senior members of nominee management team had the opportunity to provide the judges with a personal view of what sets their companies and institutions apart from the competition
According to the panel of judges’ findings, TrustBond was declared winner in this category based on its pioneering effort in the development of home loan products that further financial inclusion in Nigeria. Also, the Bank maintains an array of corporate social responsibility initiatives with a view to helping people gain stability through home ownership. The judging panel further noted that the Bank has been able to tap into long-term funds at reduced interest rates, driving down the price of its products thanks to its adherence to strict standards of corporate governance..
With this award, TrustBond has now joined other past winners in corporate Nigeria such as; Zenith Bank, Schlumberger Nigeria, CRC Credit Bureau, Rosabon Financial Services, ARM Investment Managers and PricewaterhouseCoopers Nigeria who have won an award from CFI.co in different categories in the recent past. The promotion of home ownership is considered 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.
In Nigeria, TrustBond Mortgage Bank 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, TrustBond 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 in Nigeria – the most populous country and largest economy in Africa.
TrustBond maintains an array of corporate social responsibility initiatives with a view to helping people gain stability through home ownership. Thanks to its adherence to strict standards of corporate governance, the bank has been able to tap into long-term funds at reduced interest rates, driving down the price of its products. With a national housing deficit of over 17 million, TrustBond has ample room for growth.
The CFI.co judging panel agrees that accessible mortgage products are of crucial importance in countries such as Nigeria that have embarked on an accelerated development drive. The judges were pleased to confer on TrustBond Mortgage Bank the 2017 Outstanding Contribution to Home Ownership Nigeria Award. Commenting on the award, the Chief Executive of TrustBond, Mr. Adeniyi Akinlusi said: “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.
We offer innovative mortgage and real estate finance solutions.