News

Nirsal Microfinance Bank Marks 3years Anniversary

Published

3 years ago

March 25, 2022

Nirsal Microfinance Bank Marks 3years Anniversary

Nirsal Microfinance Bank has reached three years of successful operation, three years of changing lives as they marked their Anniversary today.

NIRSAL Microfinance Bank (NMFB) is a Nigerian Financial Institution licensed by the Central Bank of Nigeria (CBN) to carry out specialized banking services.

NMFB was incorporated as a Private Limited Company in 2019 and commenced operations, following the grant of a National Microfinance Bank license by the Central Bank of Nigeria, in the same year.

In addition to the inherent responsibilities of the national license, NIRSAL Microfinance Bank is primarily an Intervention Bank; a viable channel for the on-lending of special funds from the Central Bank of Nigeria to qualified citizens of Nigeria.

The Bank is Owned 75% by the Bankers Committee, 15% by NIRSAL, and 10% NIPOST. Currently, NIRSAL Microfinance Bank has its headquarters in Abuja, with a network of 115 branches in all the states of the Federation.

The bank used its official Twitter page to share some of its achievements over the three years.

According to NMFB:

“Today marks the 3rd Anniversary of NIRSAL Microfinance Bank Indeed! It’s been THREE YEARS of changing lives. THREE YEARS of reaching out to the unbanked across the country, transforming and sustaining the growth of Small Business Enterprises in Nigeria.”

“It’s been THREE YEARS of disbursing: Over 350 billion naira Covid-19 loans; More than 13 billion naira Non-Interest-Banking loans; Close to 2 billion naira Nigeria Youth Investment Fund loans, A little over 117 billion naira AGSMEIS loans; and Close to 39 billion naira Anchor Borrowers Programme loans to beneficiaries nationwide. Happy 3rd Anniversary NMFB!”

Today marks the 3rd Anniversary of NIRSAL Microfinance Bank????????????

Indeed! It’s been THREE YEARS of changing lives.

THREE YEARS of reaching out to the unbanked across the country, transforming and sustaining the growth of Small Business Enterprises in Nigeria. pic.twitter.com/IsiV9edqiU

— Nirsal Microfinance Bank (@NirsalMFB) March 25, 2022