First Generation Mortgage Bank
First Generation Mortgage Bank Limited (FGMB) is one of the leading primary Mortgage Banks (PMB) in Nigeria engaged in Mortgage Banking, Personal Banking, Small Business Banking as well as Real Estate Structuring and Financing.
Our primary objective is to provide our numerous clients with a wide range of innovative home finance solutions, value adding products and services that will meet and surpass their financial needs.
First Generation Mortgage Bank Ltd was incorporated under the Corporate Affairs Commission on 25th October, 1992 with registration certificate No. 207155. It was licensed by the Federal Mortgage bank of Nigeria under the Mortgage Institution Decree No. 53 of 1989 constitution to carry out Mortgage Banking in Nigeria.
Our registered address and Head Office Branch is located at No.92 Emeka Anyaoku Street, Area 8, Garki, Abuja Nigeria, with three other branches in Abuja. We offer a full range of banking services including our traditional mortgage functions with the exception of direct dealership in foreign exchange.
To be the number ONE Mortgage Bank in Nigeria with a strong Geographical spread.
To better our generation through efficient housing delivery without compromising ethical Standard.
The shares of First Generation Mortgage Bank Limited are held by diverse and well tested professional Nigerian Citizens. Our authorized share capital at present is N2,500,000,000 made up of 2,500,000,000 ordinary shares of N1 each while the paid up share capital is N2,292,002,803.
The shareholders fund is over N3.5 billion (Three billion, five hundred million naira) while our total assets base is in excess of N21 billion (Twenty-One billion naira) as at 31st December, 2022.
Plans have almost been completed to increase our shareholders' funds from N3.5 billion to N7 billion.
PMB Interest Rate
•Best PMB in West Africa 2019,
•Best Indigenous Mortgage Bank in Nigeria 2020
•Most Peaceful Friendly Mortgage Bank 2020
•Best Indigenous Mortgage Bank of the Year 2021
•Most Customer Friendly Bank of the Year 2021
•Most Innovative Mortgage Bank of the Year 2021
•National House Fair 2021 Award of Excellence conferred on MDCEO
•(MDCEO) 50 Most Impactful CEOs that contributed to Nigeria’s GDP growth in 2021
•NMRC refinancing to the tune of N1.4 billion 2021
•Mortgage Financier of the year 2022
2022, Asset Base.
So far, we have partnered with the following mass housing developers:
Together with the above mentioned estate developers, we have delivered over 5,000 various types of housing units to Nigerians.
Some of these properties are located in various estates including;
Today we pride ourselves on our high sense of commitment in the area of provision of quality housing units for all Nigerians either through a mortgage arrangement or by outright sale/purchase.
At First Generation Mortgage Bank, we package a customized solution to your housing needs.
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