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Resort House

The Company

Resort Savings & Loans Plc is duly licensed to carry on mortgage banking business and has operated for over a decade, having commenced business on November 29, 1993, and grown steadily in achievements, acceptability and reputation.

Whilst these formative years have been used to lay a very solid foundation for business development with great emphasis on building public confidence and acceptability, the company thereby successfully pulled through the difficult years of mortgage banking and subsequently has been achieving modest income that continues to increase steadily.

In accordance with the revised Guidelines issued by the Central Bank of Nigeria, PMIs are authorized to receive Deposits and maintain accounts for their customers for the purpose of creating mortgage assets, facilities and services. By this function, Resort Savings and Loans is a financial intermediary that reviews the creditworthiness of a borrower, provides the funds for the loan and quickly sells mortgages into the secondary mortgage market. We are also into Property Development through our wholly owned subsidiary ‘Resort Developers Limited’. PMIs are also recognized as active participants in the utilization of Pension Fund which portends substantial business in the light of the reformed Pension Act, which became effective recently.

To date, the company has done active business in the following areas:

Property Acquisition Management
Acting as intermediary, the company links sellers and buyers to consummate transactions, offers financial advisory and management services on property use and fund, all for fee income.

Mortgage Finance
This is provision of loan on short and medium term for property acquisition and development.

Fund Management
This is liability management, through the company’s products including Resort Insurance-Linked Mortgage Fund (RILMFUND), Savings and Tenor Deposits.

NHF
The company assist individuals to acquire properties, own land and further develop such land to houses under mortgage arrangements. It is capable of owning land, developing and acquiring houses for resale to new owners for profit. In consonance with its quest to excite its customers further, it has set a target for itself to achieve a minimum of 100% success rate for customer applications under the NHTF scheme. Resort is willing to extend this service to qualifying customers in the diaspora who can provide evidence of tangible contribution for at least six months.

Our Driving Force

Vision
A leading and reputable mortgage banking services provider.

Mission Statement
Rendering seamless mortgage banking services that ensure customer satisfaction and impressive return to stakeholders in a technology driven environment.

Core Values
P - Professionalism
R - Responsiveness
I - Integrity
T - Team Spirit
E - Excellence

Our Strength

Share Capital History
At incorporation in 1992, the company’s authorized and fully paid up share capital was N5,000,000(5 million naira) divided up into 5,000,000 ordinary shares of N1.00 each. The recent private placement offer brought the paid up share capital to over N6.5 billion naira. This will be sustained through the year to hit the target shareholder’s fund of Nxx billion naira by December 2011.

Products
Resort Savings and Loans provides full mortgage services, commercial and investment banking through her various products.

In line with rendering seamless mortgage services, our products are tailor-made for the different cadre of customers that we cater to. As such, we have products geared towards wealth acquisition from cradle (in form of RIMPLAN Endowment), for the low-income earner, and even for the huge investor. So no matter what category our customers fall into, there is always something for them.
And even better, is the introduction of our debit card which allows our customers to withdraw money from any of our ATM points or any ATM point of their choice or conduct transactions at different POS electronically.

Please,visit our Products page for more detailed information about our various products.







Resort Savings and Loans PLC © 2011  •   Contact Us  +234 1 462 2081
mission statement