Banking

AB Microfinance Bank opens four new branches

by HOPE MOSES-ASHIKE

August 15, 2017 | 1:27 am
  |     |     |   Start Conversation

As part of efforts to promote financial inclusion and contribute to the nation’s social and economic development, AB Microfinance Bank, a national Microfinance bank licensed by the Central Bank of Nigeria officially opened four additional branches in June and July 2017 bringing the branch network of the bank to 20 spread across Lagos, Oyo and Ogun states.

Two new branches were opened in Ogun State (Abeokuta branch & Sango-Otta branch), one in Oyo state (Bodija branch) and one in Lagos State (Aruna, Ikorodu branch).

Speaking during the branch opening ceremonies, William Bonilla, managing director/Chief Executive Officer of the bank, said the new branches were opened in furtherance of the banks mission to contribute to the social and economic development of the Nigerian populace and help in reduction of poverty. He added that the banks contribution in the provision of a wide range of financial services to Micro, Small and Medium scale entrepreneurs through a wide range of savings and lending products is unrivalled in the Nigerian Microfinance industry. He further added that the new branch opening is a landmark achievement for the bank as Abeokuta and Sango-Otta branches represent the first two branches outside Lagos and Oyo State where the bank already have her presence.

Speaking at one of the event, Dotun Aiyelabola, branch manager of Bodija branch, said the branch operates in a friendly, business oriented and accommodating environment and he appreciated the clients and neighbours for the peaceful co-existence and their patronage. He further added that patronage of the banks products and services have been on the increase since the branch began operations in January 2017.

The opening ceremonies was graced by notable guests and clients including royal highnesses, market leaders, religious leaders, representatives of security agencies, clients, staff and the management board of AB Microfinance Bank Nigeria Limited.

AB Microfinance bank started operations in Nigeria in November 2008 and currently has an outstanding loan portfolio of about N10 billion and about 1,000 staff in its employment.

 

HOPE MOSES-ASHIKE


by HOPE MOSES-ASHIKE

August 15, 2017 | 1:27 am
  |     |     |   Start Conversation

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