Resort Savings and Loans PLC
RESORTS.LG – THE NIGERIAN STOCK EXCHANGE
Business Description
Resort Savings and Loans Plc (the Bank) is a Nigeria-based bank. The Bank is focused on carrying out the mortgage banking business. It is a primary Mortgage Bank (PMB) to receive deposits and maintain accounts for customers for the purpose of providing service, creating mortgage assets and other credit facilities. It is a financial intermediary that reviews the creditworthiness of a borrower, provides the funds for the loan, and sells mortgages on the secondary mortgage market. The Bank is involved in the provision of retail mortgage banking services to a range of customers to own their own houses. The Bank is involved in the National Housing Fund loan disbursement and the monthly National Housing Fund (NHF) remittance collection. The Bank is also engaged in the provision of liability management through its product range, which includes Resort Insurance-Linked Mortgage Fund, Resort Asset and Liquidity Jewel, Current Account, Savings and Tenor Deposits.
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