Priscilla Akpanettot
Ibom Mortgage Bank has announced the availability of pocket-friendly loans for citizens and residents of Akwa Ibom State to help them own or renovate houses.
This information was given by the Board of Directors at the bank's end of Year Board Meeting/Press Briefing on Tuesday, December 23, 2025 at the bank's Corporate Headquarters along Olusegun Obasanjo Way (Abak Road), Uyo.
The briefing was part of activities marking Ibom Mortgage Bank's 30th Anniversary celebration, where the Chairman, Board of Directors, Mr. Peter Udoh; Managing Director of the Bank, Pastor Ime Okon and Chairman, Akwa Ibom State Internal Revenue Service (AKIRS), Sir Okon Okon gave the assurances of a seamless process for the application.
To be eligible, interested individuals must have a National Housing Fund (NHF) Account, which allows them to save towards their housing project for a minimum of six months. The bank will then generate a seed fund from these savings to support a person's building or renovation project.
Formerly known as Akwa Savings and Loans Investment Limited, the Chairman, Board of Directors, Mr. Peter Udo said, it was necessary to change the identify of the Bank to raise its standard, and make it compete favourably with other financial institutions within and outside the State.
He furthered that the new name coincides with the celebration of the 30th year of unbroken mortgage banking services in the State, followed by the intensive rebranding of the bank.
"The new name of the bank is a significant journey of Akwa Savings and Loans Ltd, we have grown above turbulence and we would stand firm for the betterment of the state economy and our customers”, he said.
He enumerated the achievements of the bank to include, revitalisation of the bank, 300% profit, employment of over 1000 indigenes, remodeling of delivery processes as well as full digitalization of the operations of the bank.
Others are: improved staff welfare scheme, robust E-Channels infrastructure) platforms, customize mobile App,PoS, ATM cards internet banking, PayDirect and more.
In his remarks, the MD, Ibom Mortgage Bank, Pastor Ime Okon encouraged eligible individuals to take advantage of the offer and become proud homeowners with ease.
He persuaded members of the public to walk into any of the bank's branches in Uyo, Ikot Ekpene, Oron and Eket for enquires; assuring that there were packages for everyone, regardless of their occupation and work type.
"Just walk up to us, open an account and we'll put you through the process. It's very seamless and we're here for you", he reassured.
Speaking on the bank's antecedents, the Chairman, AKIRS, Sir Okon Okon noted that Ibom Mortgage Bank has demonstrated consistent profitability over the last 4-5 years, boasting as the lowest non-performing loan record in the industry.
He therefore encouraged people living in Akwa Ibom to patronize the bank for their housing plans without fear or reservation.
Meanwhile, the Chairman, Nigeria Union of Journalists (NUJ) Akwa Ibom State Council, Comrade Nsibiet John in his remarks, made a case for the subsidization of the housing loan for low-income earners, including journalists in the State and also encouraged members of the public to key into the offer.
Activities marking the bank's 30th Anniversary include: MD/CEO Award Nite on Friday, 26th December 2025 and a Thanksgiving Service at Living Faith Church, Mbiabong on Sunday, 28th December, 2025.
The bank had earlier embarked on a Road Walk from the Head Office at Abak Road to Oron Road in Uyo, with a stop-over at the orphanage, on Saturday, 6th December, 2025.
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