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Overview
FBN Mortgages Limited (FBNML) is a wholly owned mortgage banking subsidiary of First Bank of Nigeria Plc the leading diversified financial services group in Nigeria with total assets of over N614 Billion (about USD 5 Billion),excluding contigents, revenues in excess of N67 billion (USD515 million) and a network of about 400 branches in 2006 and eight subsidiary companies.
FBN Mortgages Limited was licensed by the Central Bank of Nigeria as a Primary Mortgage Institution (PMI) on March 2004 and commenced business in May of the same year
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| >> Deposit Interest Rate Guides |
| January 01 - 31, 2007 |
|
Type Of Deposit |
(000)
1M - 5M |
(000)
5M - 10M |
(000)
10M - 50M |
(000)
50M & Above |
| Saving Account |
6.00% |
6.00% |
6.00% |
6.00% |
| 30 Day (Term) |
7.50-8.50% |
8.50-9.00% |
9.00-9.50% |
9.50-10.00% |
| 60 Day (Term) |
9.00-9.50% |
9.50-10.00% |
10.00-10.50% |
10.50-11.00% |
| 90 Day (Term) |
9.50-10.00% |
10.00-10.50% |
10.50-11.00% |
Negotiable |
| 180 Day (Fixed) |
9.75-10.25% |
10.25-10.75% |
10.75-11.00% |
Negotiable |
| 1 Year & Above |
Negotiable |
Negotiable |
Negotiable |
Negotiable |
| Please Note that these rates are indicative rates and negotiable, Always contact Mr. Bama Mundi and Mrs. Bolalnle Onotu of FBN Mortgages Limited on Tel. No. 08033054013, 08023076014, D/L 234-1-2693993, 4615860-2, for further clarification | |
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