PenCom adds 29 banks to the list of Primary Mortgage Banks (PMBs)

The National Pension Commission (PenCom) has added 29 commercial banks to the existing list of qualified Primary Mortgage Banks (PMBs) in the RSA for mortgage programme.

Earlier in September 2022, PenCom released a guideline on how to apply part of the RSA balance for residential mortgage by eligible RSA holders.

In a press release, seen by PensionTalk yesterday, PenCom has added additional 29 commercial banks as qualified Primary Mortgage Banks to provide residential mortgage services to eligible RSA holders.

This latest addition brings the total number of qualified PMBs to 63 from the initial 34.

See below the list of all the newly added PMBs qualified to participate in the RSA for Mortgage programme:

1. Access Bank Plc
2. Citibank Nigeria Limited
3. Ecobank Nigeria Plc
4. First Bank Plc
5. First City Monument Bank Plc
6. Fidelity Bank Plc
7. Globus Bank Limited
8. Guaranty Trust Bank Plc
9. Heritage Banking Company Limited
10. Keystone Bank Limited
11. Parallex Bank Limited
12. Polaris Bank Plc
13. Premium Trust Bank
14. Providus Bank
15. Stanbic IBTC Bank Plc
16. Standard Chartered Bank Nigeria Limited
17. Sterling Bank Plc
18. Sun Trust Bank Nigeria Limited
19. Titan Trust Bank Limited
20. Union Bank of Nigeria Plc
21. United Bank for Africa Plc
22. Unity Bank Plc
23. Wema Bank Plc
24. Zenith Bank Plc
25. Signature Bank Ltd
26. Optimus Bank
27. Jaiz Bank Plc
28. TaJ Bank
29. Lotus Bank