Ab Microfinance Bank Nigeria

Bank & Finance Banks Microfinance Banks


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Description

AB Microfinance Bank Nigeria is a foreign-owned financial institution, based in Lagos state, which offers a broad range of financial services to micro, small and medium-sized enterprises (MSMEs) and other clients in the lower income strata.

AB Microfinance Bank Nigeria is committed to its passion to helping to improve the business opportunities for entrepreneurs by availing them of easy access to affordable loans, as well as improve the general financial status of everyone with its deposit accounts. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act and is regulated by the Central Bank of Nigeria as a fully fledged microfinance bank.

The Bank has an exceptional group of very strong international shareholders committed to the task of improving access to financial services in the country. These shareholders are Access Microfinance Holding AG of Germany, KfW - the German Development Bank, Impulse Microfinance Investment Fund N.V. in Belgium, the African Development Bank, and the International Finance Corporation of the World Bank Group. Together, they have an established record of setting up and managing microfinance banks across the African and Asian continents in such countries as Nigeria, Tanzania, Liberia, Zambia, Rwanda, Madagascar, Azerbaijan, Tajikistan,Georgia, and Brazil.

ABN is a socially responsible bank and the bank of choice for micro and small enterprises. It strives to be the leading provider of financial services in this market segment in Nigeria. The Bank's loans are primarily based on an assessment of the borrower's repayment capacity. Business loans are the core product of the Bank. ABN build-up long-term business relationships with customers based on responsibility and mutual respect. By doing so it promotes a savings culture and supports borrowers to build up a credit history. ABN shareholders have a long-term investment horizon and expect a reasonable commercial return on investment.

ABN is committed to the development of the Nigerian financial sector by rendering accessible services to the people, with an ambition for excellence and quality.

 

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