Intercontinental Homes is a Primary Mortgage Institution, established under Decree 53 of 1989, incorporated on May 26, 1992 and licensed to carry out mortgage banking business on December 31, 1993.

The acquisition of -PSL by Gateway Bank Plc in June 2003 started our dynamic story as a mortgage institution. This development introduced a new focus and way of doing business to the relatively underdeveloped mortgage sub-sector of the Nigerian economy.

As a bank duly licensed to carry out the business of mortgage, PSL was equally accredited to access the National Housing Trust Fund (NHF) by the Federal Mortgage Bank of Nigeria (FMBN), for on-lending. Through this medium, the company created over 500 mortgages.

The wave of mergers and acquisitions in the wake of the recapitalisation of banks in 2005 led to the acquisition of Gateway Bank by Intercontinental Bank Plc, one of the strongest financial institutions in Nigeria with a vision to be the number one financial services solution provider in Nigeria, Africa, and indeed among the best 100 in the world.

In order to reflect the new ownership structure as well as the new vision, Partnership Savings and Loans became Intercontinental Homes Savings and Loans Limited in March 2006.

In 2007, we embarked on a capital raising exercise to increase our modest shareholders’ funds from N106 million to N1.5 billion.
Our tenacity in the pursuit of set goals culminated in the phenomenal over-subscription of N22.5 billion, a major indicator of our market acceptance.
With our present paid up capital of N6.4billion, we are committed to the highest level of corporate governance and international best practices as we continually challenge ourselves with a customer-centric standard of quality service delivery.

At Intercontinental Homes, we say, “We have done your Homework,” because we pay strict attention to details in meeting customers’ needs. This is why we are, “Your Real Estate Bank.”