CBN Issues Guidelines for Licensing and Regulation of Primary Mortgage Banks in Nigeria

Proshare - Facebook Proshare - Twitter Proshare - Linked In Proshare - WhatsApp

Thursday, April 18, 2019 06:10PM / CBN 


The CBN issued the Revised Guidelines for Primary Mortgage Banks in Nigeria in November 2011, to re-position the mortgage sub-sector with a view to harnessing its potentials for sustained economic growth. The guidelines introduced enhanced requirements for capital, risk management, internal control and corporate governance.

Notwithstanding the measures put in place, the mortgage sub-sector continued to struggle against headwinds occasioned by unfavourable macroeconomic and other developments.

The Guidelines have been reviewed to strengthen primary mortgage banks as well as complement other on-going reforms in the mortgage sub-sector. An exposure draft of the revised Guidelines Is hereby issued for comments and observations. The document can also be accessed at the Bank's website,

Please send your comments to the Director, Financial Policy and Regulation Department, with soft copies mailed to and within three (3) weeks from the date of this letter.

Proshare Nigeria Pvt. Ltd.

Related News

1.           CBN Guidance Notes On The Calculation Of Capital Requirement For Operational Risk For NIFIs

2.          CBN Guidelines On The Mgmt Of Investment Account Holders For Non-interest Fin. Institutions

3.          Additional Data Fields For Industry Customer Account Database Submission To NIBSS Plc

4.          Anti-Money Laundering And Combating The Financing Of Terrorism Policy and Procedure Manual

5.          Nigeria Plans Tougher Bank Capital Rules as Bad Debts Weigh

6.          Redesigning Europe’s Financial Landscape

7.          Gov. Emefiele Outlines Policy Thrust for 2019; Woos Foreign Investors

8.         Financial Stability Report and Stress Test Results (UK) - November 2018

9.          Banks Accessed N956bn in Q3’18 Through CBN’s Standing Facilities Window to Square Up Their Positions

10.      Effects of G20 Financial Reforms On Infrastructure Finance Come Second Relative To Other Factors

11.       IOSCO Members Found Mostly Compliant With Principles for Commodity Derivatives Markets

12.      FSB, Bodies Publish Final Report on Effects of Reforms on Incentives to Clear OTC Derivatives

13.      Beginning Stress Testing’s New Chapter - An Intl’ Perspective On The Future Of Bank Stress Testing

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News