Credit portal




Nigeria: Fortis MFB Gets National License From CBN

fortis microfinance bank nigeria

Are you interested to receive weekly mailings to our microfinance news selection. Subscribe for our weekly NewsWatch service

Nigeria, August, 26 2015 - Fortis Microfinance Bank Plc, the largest microfinance bank in Abuja and the North Central Region of Nigeria, has been granted a national microfinance banking license by the Central Bank of Nigeria.

Chairman of the bank, Mr Felix Achibiri said in a statement made available to LEADERSHIP, that Fortis, which has dominated the microfinance space in Abuja and in the northern parts of Nigeria for a while is now poised to replicate its successes nationwide.

Fortis Microfinance Bank Plc which is the second microfinance bank in Nigeria to be listed on the Nigerian Stock Exchange is also the only microfinance bank in Nigeria to be issued a Mobile Payment license by the apex bank.

According Achibiri, “Fortis Microfinance Bank from the onset was clear that it will build a world-class bank of Nigerian origin and with the right workforce that places customers at the heart of all its activities”.

“With a national banking license Fortis will be driving the Central Bank of Nigeria’s financial inclusion programme across the country by providing financial services to all the states of the federation.

“ Our success story over the years will be replicated nationwide and we will also through the use of technology bring banking to the door step of all Nigerians particularly those at the base of the economic pyramid who are either underserved, under-banked or out rightly disenfranchised by the conventional financial service providers”.

Achibiri further disclosed that Fortis has partnered and deepened relationships with multilateral companies, government agencies and institutions and Nongovernmental Organizations that share in the vision of the institution.

“Specifically in order to deepen penetration and bring flexible solutions to our customers we kept fresh our relationships with FMO of Netherlands, Symbiotics of South Africa, African Development Bank, Bank of Industry, Trio dos Bank – Netherlands, USAID, TOTAL E&P, Shelter Afrique, Equator Capital, Cyrano Capital and a host of others still at different stages of discussions and engagements” the Chairman explained.

Category: Payday loans

Similar articles: