The Bank (Mayfresh Savings & Loans Ltd) was incorporated on October 22, 1993 and licensed to commence Mortgage Banking by the Federal Ministry of Works and Housing on April 27, 1995. The PMI has its Registered Head office at No. 83 Aba-Owerri Road, Umungasi , Aba, Abia State with offices in about 18 locations all over the country including Aba, Lagos, Abuja and Enugu.
The PMI has an Authorized Share Capital of N2.5 Billion, Paid-Up Capitals of N1.46 billion and Shareholder's Funds of N3.12 billion as at December 31, 2010. The Bank's Total Assets was N4.032 Billion for the same reporting period .
To be a foremost primary mortgage institution whose products and services create positive impact on the lives of the citizenry especially the lower strata of the society which constitute the poor suffering majority while at the same time meeting its corporate responsibility and offering appreciable returns to its investors.
To grow into a mega institution and carve a niche for itself in the area of market share, efficient service delivery and network of branches so that it can be second to none in the country.
As a primary mortgage bank, our major area of concentration lies in the Housing sector where the institution engages in the following activities.
Provision of personalized and customized banking and consultancy services to the grassroots.
Offer of credit facilities to individuals and organizations for building projects.
Financing of Real Estate Development
Sourcing of National Housing Fund LOans for individuals and corporate organizations.
Assistin contributors to the National Housing Fund get back their entitlements after retirement when they have reached the age of 60 years.