Abbey Mortgage Bank Plc has announced its conversion to a regional commercial bank following regulatory approval from the Central Bank of Nigeria (CBN)….
Abbey Mortgage Bank Plc has announced its conversion to a regional commercial bank following regulatory approval from the Central Bank of Nigeria (CBN).
In a disclosure to the Nigerian Exchange, the bank said the transition marks a major milestone in its growth strategy, enabling it to expand beyond mortgage financing into full commercial banking services.
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The bank noted that preparations are underway for the transition, including technology upgrades, infrastructure expansion and rebranding, with full operations expected to commence in the fourth quarter of 2026.
Abbey Mortgage Bank added that the conversion would allow it to broaden its product offerings, deepen financial inclusion and strengthen its capacity to serve retail, corporate and institutional clients across its designated regional markets.
