Omoluabi Mortgage Bank Inaugurates New Branch In Osun
Omoluabi Mortgage Bank has opened a new branch of the bank in Ilesa, Osun State, as the bank steps up its expansion drive.
The branch was inaugurated by Governor Rauf Aregbesola of Osun State, the mortgage lender said in a statement on Monday.
The lender said the development came about seven months after the launch of the Ejigbo Branch in May last year.
Incorporated in 1993, the bank is a licensed mortgage institution with primary responsibilities of providing mortgage banking services, housing and property development solutions and general financial services, according to the statement.
Aregbesola, who led top officials of the state government to the event, was quoted as advising players in the sub-sector and potential customers to transact business with the bank.
According to the governor, the bank charges single-digit interest rate on mortgage loans.
While charging the bank to look at the possibility of having more branches within and outside the state, he expressed confidence that the proposed recapitalisation of the bank would make it “stronger, more efficient and able to support the Small and Medium Enterprises.”