New Prudential Mortgage Bank (NPMB) is a limited liability company incorporated in July 1991 as New Prudential Mortgage Finance Limited and licensed by the Central Bank of Nigeria (CBN) in February 1992 to commence business as a Primary Mortgage Institution. In 1995, the company changed its name to New Prudential Building Society to reflect its revised business model that was focused on providing real estate advisory and mortgage services to its members only.

In December 2002, we increased our share capital to N100million by admitting more members into the society. This was driven by regulatory requirements as well as the need to grow our capacity to better serve our members. We have successfully implemented the building society (mutual) model for eighteen years during which we developed deep competencies in real estate investment, property development, home lending, residential mortgages and commercial mortgages.