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Chuks Udo Okonta
The National Pension Commission (PenCom) has approved 29 commercial banks to provide residential mortgage lending services to Retirement Savings Account (RSA) holders.
PenCom disclosed this in a document obtained by Inspenonline.
PenCom stated that it wishes to inform stakeholders that further to the list of Primary Mortgage Institutions approved to participate under the Guidelines on Accessing RSA balances towards Equity Contribution for Residential Mortgage, the 29 banks are also eligible to participate.
The Commission assures stakeholders and the general public of its continued commitment to the effective regulation and supervision of the pension industry.
The banks are:
Access Bank Plc
Fidelity Bank Plc
First City Monument Bank Limited
First Bank of Nigeria Limited
Guaranty Trust Holding Company Plc
Union Bank of Nigeria Plc
United Bank for Africa Plc
Zenith Bank Plc
Citibank Nigeria Limited
Ecobank Nigeria
Heritage Bank Plc
Keystone Bank Limited
Polaris Bank Limited.
Stanbic IBTC Bank Plc
Standard Chartered
Sterling Bank Plc
Titan Trust Bank Limited
Unity Bank Plc
Wema Bank Plc
Globus Bank Limited[3]
Parallex Bank Limited
PremiumTrust Bank Limited
Providus Bank Limited
SunTrust Bank Nigeria Limited
Optimus Bank
Signature Bank
Jaiz Bank Plc
LOTUS BANK
TAJBank Limited
