Brent Mortgage Bank Limited
Banking / Financial Services
Brent metamorphosed from Skyfield Savings and Loans Limited that started operation in 2002 with N200million Capital base, which was increased to N1billion in 2007. In April 2010 new management and reconstituted board took over the organization. Structure and Strategy to engender growth and good corporate governance were emplaced. The new management moved the organization aggressively and cautiously from a State of low adjusted capital, poor staff morale, and waned customers’ confidence to an enviable level for recapitalization in two years. Having rekindled the interest of all the stakeholders in the organization and the mortgage sector, the board and management embarked on private placement exercises to increase the adjusted Share Capital to N2.5billion in order to meet the minimum capital requirement of Central Bank of Nigeria for a State Primary Mortgage Bank License.
In a grim determination to take Mortgage banking in Nigeria to a lofty and remarkable level, the board and management opted for a new corporate Identity as a step towards rebranding the organization, hence the new name Brent Mortgage Bank Limited, effective 1st April, 2014. This new name has been approved by Central Bank of Nigeria and necessary changes effected at the Corporate Affairs Commission.
In a grim determination to take Mortgage banking in Nigeria to a lofty and remarkable level, the board and management opted for a new corporate Identity as a step towards rebranding the organization, hence the new name Brent Mortgage Bank Limited, effective 1st April, 2014. This new name has been approved by Central Bank of Nigeria and necessary changes effected at the Corporate Affairs Commission.