---

---

Product Pictures

Union Homes Savings and Loans Plc is the leading Primary Mortgage Institution (PMI) in Nigeria, and the mortgage banking subsidiary of Union Bank of Nigeria Plc, Nigeria's leading banking institution.Incorporated on 6th November 1992, Union Homes Savings and Loans Plc was issued a license to carry on mortgage banking business on 30th May 1994. It commenced full operations on 22nd August 1994 at its Head Office and Premier branch located at 153, Ikorodu Road, Onipanu, Lagos. Presently, Union Homes has twenty computerised branches located in differenet parts of Nigeria and linked online through a wide area network.The Company has a seven-man Board of Directors, with Mr. Bartholomew Bassey Ebong, the Group Managing Director and Chief Executive of Union Bank of Nigeria Plc as its Chairman, while Mr. E. Austine Aikhorin is the Managing Director/Chief Executive. The Management team comprises highly qualified and experienced bankers whose professional exposure on the average, span over 20years, mostly in Union Bank of Nigeria Plc.As at 31st March 2005, the institution's authorized share capital stood at N2 billion, while its total assets were above N54 billion.Union Homes Savings and Loans Plc offers a wide range of Banking and Mortgage services. These include:Savings DepositsTerm Deposits/Bankers AcceptancesMortgage Loans:- Commercial Loans- National Housing Fund LoansEstate Development LoansPension-Linked Mortgage Scheme (PELMS) LoansSince inception, the Company has contributed immensely towards the development of housing stock in Nigeria and presently stands as a leader in housing development in the country.Union Homes has also funded/financed Estates and notable Projects in Nigeria just as it is the leading investor in the purchase of 1004 Estate, Lagos, from the federal government. The Estate consisting of two and three bedroom flats and maisonettes are being renovated and sold to the public.Union Homes also purchased government's high - rise Mulliner and Awolowo Road Towers, located in Ikoyi, Lagos. The properties are scheduled for imminent sales to the public.Union Homes is a member of the Mortgage Banking Association of Nigeria and also a member of South Africa - based African Union for Housing Finance.Union Homes has international business partnerships with the following companies:HFC BANK (Ghana) LimitedDistribution and Wholesale Network Limited (DAWN) - South Africa