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HomeBusinessCoop One-Stop: CMB Introduces New Agency Banking system, For Efficiency, Transparency

Coop One-Stop: CMB Introduces New Agency Banking system, For Efficiency, Transparency

The management of Cooperative Mortgage Bank (CMB) has introduced a unique Agency Banking system, Coop One-Stop , this us to bring banking closer to the populace for efficiency and transparency,

The initiative is designed to allow agents who would be physically present in Cooperative Society Offices, local governments, universities, markets, villages and small communities to provide regular banking services and perform other functions which encompass National Social Housing Savings Scheme, Cooperative Save for Shelter and Thrift Savings (AjoĢ£).

The Head of Agency Banking, Mrs Stella Abu, explained that Agency Banking has grown over the years since it was first initiated in Brazil in 1999 due to its versatility, a method CMB is currently adopting to make banking easier for all.

This was contained in a statement signed and made available to newsmen in Abuja by the Head, Communications and Public Relations, Cooperative Mortgage Bank (CMB) Mrs
Olufunmilayo Afolabi stated that, Coop One-Stop project will provide employment for Nigerians who are willing to take banking to their neighbourhoods and make huge profit.

Mrs Abu, however called on interested Nigerians to embrace the opportunity, saying, Agents will benefit from adequate training and provision of necessary facilities specially designed for the project.

Meanwhile, the Managing Director/Chief Executive Officer of CMB, Kabir Tukur, also assured both existing and potential customers of exceptional service delivery and commitment to satisfaction.

He urged cooperators, who are the main beneficiaries of the Coop One-Stop Agency Banking initiative, and Nigerians in general to key into the project for maximum benefits.

Established in 1994, Cooperative Mortgage Bank’s twin objectives are: provision of affordable and durable houses to the populace, and provision of structured mortgage for ease of home ownership.

As an award-winning financial institution with over 13 contact centres across the nation, CMB is licensed and regulated by the Central Bank of Nigeria and the Federal Mortgage Bank of Nigeria, insured by the Nigeria Deposit Insurance Corporation, and accredited by Federal Department of Cooperatives as a cooperators’ bank.

For further inquires contact Coop One-Stop on:

Phone: 09053994506//070026226564

WhatsApp: 08083031351

Twitter/Instagram: cmbanknigeria

Facebook: Cooperative Mortgage Bank

E-mail: [email protected]


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