Infinity Trust Mortgage Bank Plc (Nigeria)

Infinity Trust Mortgage Bank Plc is a leading and highly capitalized Primary Mortgage Bank in Nigeria. The company was incorporated on January 28, 2002, as Infinity Trust Savings & Loans Limited and began its operations in Abuja in 2003. It is committed to providing affordable home ownership opportunities to Nigerians. As part of its strategic turnaround, the bank converted to a Public Limited Liability Company on January 25, 2013, and changed its name to Infinity Trust Mortgage Bank Plc. Its shares were listed on the Nigerian Stock Exchange on December 11, 2013. In 2014, it became a National Mortgage Bank and currently holds equity shareholding in the Nigeria Mortgage Refinance Company. Infinity Trust Mortgage Bank Plc has shown significant growth in its shareholders' funds, increasing from a negative position in 2004 to over N6 billion. Its balance sheet has also grown from less than N100 million in 2004 to over N16 billion. The bank has consistently maintained profitability and has been paying dividends to shareholders for fourteen consecutive years. It has provided affordable accommodation to over 10,000 Nigerian families. The bank has financed numerous modern estates in Nigeria, either wholly or partly. In 2020, Agusto & Co. affirmed the entity and servicer ratings of Bbb+ and SR3 respectively. This rating reflects the bank's strong capitalization, adequate liquidity and funding profile, qualified management team, satisfactory asset quality, efficient risk management processes, succession planning, business continuity framework, sound collection and recovery procedures, and commitment to staff development.