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Nigeria Mortgage Refinance Company Plc (Nigeria)

Main Activities: Real Estate Credit
Full name: Nigeria Mortgage Refinance Company Plc Profile Updated: July 08, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Nigeria Mortgage Refinance Company Plc is a public liability company incorporated in Nigeria on 24 June, 2013 under the Companies and Allied Matters Act (CAMA). The company is located at 17 Sanusi Fafunwa Street, Victoria Island, Lagos. Its main activities include providing long term funds to eligible mortgage lenders by issuing long term bonds in the Nigerian financial market and refinancing and purchasing mortgage loans. The company's core function is to leverage funding for enhanced mortgage access, promote affordable home ownership in Nigeria, and unlock its multiplier effects on the Nigerian economy. It primarily achieves this by refinancing the mortgage portfolios of member primary mortgage lending and commercial banks. The Nigeria Mortgage Refinance Company collaborates with key stakeholders along the housing value chain, such as federal and state governments, developers, professional bodies, and multilateral institutions, to achieve its core business objectives.

Headquarters
17, Sanusi Fafunwa Street, Victoria Island
Lagos; Lagos;

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Website: http://www.nmrc.com.ng

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2013
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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20.91%
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15.68%
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13.07%
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9.01%
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6.53%
Company Performance
Financial values in the chart are available after Nigeria Mortgage Refinance Company Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net interest income
7.17%
Operating profit (EBIT)
4.62%
Net Profit (Loss) for the Period
4.94%
Total assets
2.05%
Total equity
10.52%
Total Assets Trend
1.27%
Net Interest Income Trend
-2.67%
Loans to Asset Ratio
0.73%

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