Bank Sets N12 Billion One Year Goal, Launches ATM

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Bank Sets N12 Billion One Year Goal, Launches ATM

The management of Co-operatives Mortgage Bank (CMB) said it had set a target of raising its performance level in the finance industry by sourcing for N5 billion through shareholders’ fund and reaching the goal of N12 billion balance sheet by the year 2020.

A director at Co-operatives Mortgage Bank, Oluwole Okunuga, stated this during the opening ceremony of the company’s Annual Retreat held at the Babcock University, Ilisan Remo, Ogun State as part of the activities to mark its 25th anniversary.

Okunuga said, “The theme of the retreat is Review, Renew and Reinvent. The management board of CMB is in a new era and it has set a target of raising N5 billion from shareholders fund.

“The company is also looking at the goal of creating N12 billion balance sheet by the year 2020. The effort of the workers in the company in dealing with customers will be central to achieving these near future goals. I implore the member of staff to work hard to help the company’s growth.”

Also, the Managing Director/CEO of the company, Mr Ayinde Tukur, said growing deposit base of the company would help to realise the goals. According to him, having reached the present height of N4 billion deposit base, the 2020 agenda would not be difficult to achieve.

At the retreat, the company also launched its own version of Automated Teller Machine which is linked to GTBank POS system. The Managing Director/CEO of Finese Management Consultant and Shareholder, Mrs Dupe Akindeko, said that with the new initiative, CMB had the advantage to hasten its growth in the industry.

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