Agusto & Co. affirms the ‘SR3’ servicer rating assigned to Infinity Trust Mortgage Bank Plc.
The rating expires on 17 December 2022.
Agusto & Co. hereby affirms the ‘SR3’ rating assigned to Infinity Trust Mortgage Bank Plc (“Infinity Trust” or “the Servicer”). The rating is supported by an experienced and stable management team, adequate governance and risk management structure, a satisfactory loan administration process and an adequate collection process. The rating is, however, constrained by the Servicer’s manual credit appraisal system.
Infinity Trust is licensed as a national primary mortgage bank by the Central Bank of Nigeria (CBN). The Servicer, which was established in 2002, provides financial services including the origination and servicing of residential and commercial mortgages and the provision of construction finance to real estate developers. Infinity Trust also offers deposit products to customers including current and savings accounts.