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email: info@mutualalliancebank.com

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About us

Mutual Alliance Mortgage Bank Limited (formerly Mutual Alliance Savings & Loans Limited) was incorporated on the 20th August 1992 as Quality Homes Savings & Loans Limited with a paid-up capital of ₦10 million.

 

In 2001 the company was taken over by strategic investors who reorganized and re-engineered bank and then changed the name to Mutual Alliance Savings & Loans Limited with a fully paid-up share Capital of ₦400 million.

 

Further to the regulator (i.e. Central Bank of Nigeria) induced recapitalization exercise the shareholders of Mutual Alliance Mortgage Bank Limited through private placements increased the paid-up capital of the bank to over ₦2.6Billion, based on this the Central Bank of Nigeria renewed/reissued the banking license of the bank on the 3rd of January 2014 because the bank had surpassed the new capital requirement for mortgage banks.

The bank has its head office situated at No 209 Oron Road, Uyo, Akwa Ibom State.

 

PRODUCTS AND SERVICES
Accounts at our bank include:
• Current accounts/ chequing accounts/ demand deposits
• Normal savings accounts
• Target savings accounts
• Home ownership savings accounts
• Investment accounts
• Debit and credit card accounts

 

Our credit (loan) facilities include:
• Overdrafts
• Personal loans
• Mortgage loans
• National Housing Fund (NHF) loans
• Real estate construction loans
• Financial advisory services for mortgage customers
• House improvement loans
• Rent payment loans
• Contract/LPO financing/invoice discounting loans
•Bank guarantees

 

Other services available includes:
• Cash management services
• Local and international funds transfer services
• Financial advisory services for mortgage customers

 

OUR MISSION STATEMENT
To create a unique mortgage bank focused on providing the best financial services available using creative business solutions to meet out customer’s needs powered by committed, experienced and well-trained professionals, supported by the best technology available to achieve quality services to our customers and good returns on investment for our stakeholders.

 

OUR INFORMATION TECHNOLOGY POLICY
Our office locations are fully computerized and securely networked with the latest and most reliable computer systems. In addition, a secured back up server is available off-site.

 

Our Human Capital Policy
1) We ensure that we attract, motivate and retain a faculty of high-quality professionals/staff.
2) We provide a conducive atmosphere for each employee’s development for optimal performance.
3) We have in place an effective performance measurement and reward system and the thrust of our staff development scheme is to build core competencies through training and retaining. Our training budget for this is over 15% of our PBT.
4) We encourage our staff to be good citizens and participate in civic and social activities.

 

Our Core Values
– Integrity
– Passion
– Professionalism