Home Mortgage Bank and TTMF merger - Trinidad & Tobago Mortgage Bank

snatman · Postby **snatman** » March 21st, 2024, 9:09 am

There's been talk for a longgg time about this merger and subsequent listing on the stock exchange.
Let's see how soon they can get it done! It should be solid investment

ttmortgagebank.com

Born from the strategic merger of Trinidad and Tobago Mortgage Finance Company Limited (TTMF) and the Home Mortgage Bank (HMB), TTMB represents a new era in financial services, with a rich legacy of trust, excellence, and innovation.

pugboy · Postby **pugboy** » March 21st, 2024, 9:12 am

is it clear if political interference?
remember when monteil used hmb as a personal money flex

Dizzy28 · Postby **Dizzy28** » March 21st, 2024, 9:14 am

snatman wrote:ttmortgagebank.com
Born from the strategic merger of Trinidad and Tobago Mortgage Finance Company Limited (TTMF) and the Home Mortgage Bank (HMB), TTMB represents a new era in financial services, with a rich legacy of trust, excellence, and innovation.

ttmb-logo-descriptors.jpg

There's been talk for a longgg time about this merger and subsequent listing on the stock exchange.
Let's see how soon they can get it done! It should be solid investment

Don't forget NIB is also part of this whole thing.

Dizzy28 · Postby **Dizzy28** » March 27th, 2024, 5:15 pm

Now collect some swag there.
They gave some nice stuff apart from these.

Mmoney607 · Postby **Mmoney607** » March 27th, 2024, 6:41 pm

Can you explain what those white mascots at the launch were supposed to be?

PariaMan · Postby **PariaMan** » March 27th, 2024, 7:22 pm

The next stage is an IPO. Hopefully thus will be done without Imbert he always prices it without a premium so that the small man can make something.

The last APO was FCB at 50, with the shares hardly rising above that.

The PNM policy is the poor must be poorer and the rich richer.

Habit7 · Postby **Habit7** » March 28th, 2024, 12:52 pm

pugboy wrote:is it clear if political interference?
remember when monteil used hmb as a personal money flex

They are both entities of the GoRTT. It is not political interference when the MoF is corporation sole.

pugboy · Postby **pugboy** » March 28th, 2024, 1:30 pm

so can happen again then

PariaMan · Postby **PariaMan** » March 28th, 2024, 1:53 pm

A Lil late put your money aside the government needs money for the upcoming election

Budget review 2022

TTMB’ IPO

The Minister of Finance announced the GORTT’s intention to divest – via Initial Public Offering (IPO) – its shareholding in the Trinidad & Tobago Mortgage Bank (TTMB), a newly-created entity formed from the merger between the Trinidad & Tobago Mortgage Finance Company (TTMF) and the Home Mortgage Bank (HMB). The completion of the merger, approved by both TTMF and HMB on August 6th 2021 and still subject to regulatory approvals, is anticipated to be complete within the first half of FY2022 (March 2022). The combined asset base of TTMF and HMB as at FY 2020 is TT$7.5B, with a total equity of $2.3B.

If realized, investors could expect to see the IPO of TTMB before the end of 2022.