ASO Savings & Loans Opens New Branch in Lagos Nigeria

Ikeja, Lagos (I-Newswire) June 1, 2011 - Nigeria’s leading primary mortgage institution, ASO Savings & Loans Plc, on Wednesday June 1, 2011 expanded its network of branches by formally opened a new branch at 28 Oba Akran Way, in Ikeja Industrial area of Lagos. The branch has since begun operation as scores of customers and prospective customers were seen trooping into the new office for business transactions and for enquiries.

In a statement made available by the management of the company, this development is part of the business vision for the organisation this year; which is, to expand its operations across the country

“As the foremost mortgage finance institution in Nigeria that is also listed at the stock market, we have no other option than to expand our business operations so that existing and prospective customers all over the country can have access to all the unique mortgage opportunities that ASO Savings & Loans Plc provides. This new branch will complement the service and reduce pressure on our Adeyemo Alakija, Victoria Island branch”, revealed Hassan Musa Usman, Managing Director/Chief Executive Officer of the organisation.

According to the statement, customers of the company should expect more in the areas of service, innovation and product offerings from the organisation.

In line with the federal government’s Vision 2020, the organisation has emphasized its commitment to providing opportunities for Nigerians to own their homes. The company, he said, is set to play a bigger role in meeting the housing needs of Nigerians across different income groups.

Speaking further, Usman thanked the shareholders of the organisation for their support and expression of confidence in the company, especially during the last global economic recession. “We really appreciate all our shareholders and other stakeholders. Today, we are doing well and I assure them of good returns on their investment”.

The Managing Director revealed that the organisation will soon make public their 2010 audited report. “We have submitted our audited financial statements to the Central Bank of Nigeria (CBN) for the statutory review. So, we are awaiting their approval”, Usman stated.

ASO Savings and Loans Plc is a Primary Mortgage Institution (PMI), incorporated in Nigeria as a limited liability company on November 9, 1995 and converted to a public liability company (PLC) on September 22, 2005. Its branch network covers the nation. In the Federal Capital Territory, Abuja where it started operation in 1995, ASO has a total of 13 branches and three Cash Centres. It also has branches in other states of the federation that included: Edo, Ondo, Rivers, Niger, Kano, Kaduna and Lagos.

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