Infinity Trust Mortgage Bank Plc
NNSENG:INFINITY11.25
NGN
0.00
(0.00%)
ISIN
NGINFINITY01
Return %
Stock
S&P 500
1Y
221.43
14.20
3Y
1,744.26
81.12
5Y
1,604.55
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Nogozi Chukwu
- Full Time Employees
- 90
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Abuja Nigeria
- IPO Date
- Dec 11, 2013
- Similar Companies
- Business
- Infinity Trust Mortgage Bank Plc provides mortgage banking, real estate financing, and retail banking services to individuals, corporate entities, real estate developers, educational institutions, and small to medium-sized enterprises in Nigeria. The company operates through two core segments: Mortgage Banking and Retail & Commercial Banking. Its financing and credit solutions comprise the Infinity Mortgage Finance Scheme (IMFS); National Housing Fund (NHF) facilitated mortgage loans; Infinity Premium Home Acquisition Loans; School Mortgage Accounts; real estate construction finance; estate development loans; and project bridging facilities. Its deposit and savings offerings include the Infinity Save and Own a Home (I-SOH) account; Infinity Premium Savings Account (IPSA); Infinity High Yield Account; Infinity Current Plus Account; target savings schemes; and fixed-term deposit instruments. Additionally, the bank delivers digital and transaction banking channels including mobile banking applications, internet banking platforms, USSD transaction services, and electronic payment card issuance; fund remittance services; financial advisory and loan syndication; and mortgage refinancing solutions via institutional partnerships with the Mortgage Refinance and Inclusion Fund (MREIF) and the Nigeria Mortgage Refinance Company (NMRC). Headquartered in Abuja, Nigeria, the company was incorporated in January 2002 as Infinity Trust Savings & Loans Limited, commenced banking operations in 2003, converted into a public limited liability company, and listed its shares on the Nigerian Exchange Limited (NGX) in December 2013. In recent corporate developments, the bank initiated a strategic capitalization program to raise 50 billion Nigerian naira through a private placement to facilitate its planned transition into a full-fledged digital commercial bank, expanding its financial services and credit accessibility to micro, small, and medium-sized enterprises (MSMEs). In July 2024, the board appointed Ngozi Chukwu as Acting Managing Director and Chief Executive Officer following the departure of Sunday Olumorin. The bank has also reinforced its equity base through a one-for-one bonus share capitalization alongside continuous dividend distributions, while achieving a primary servicer quality rating upgrade to SQ2(NG) with a stable outlook from GCR Ratings alongside affirmed investment-grade credit profiles from Agusto & Co. and DataPro.