ACCION Microfinance Bank (AMfB) said it disbursed
N17.5billion from January to November 2017. Meanwhile the bank is set to expand
its branch network by 80 new branches in the next four years. The bank has also
promised to deepen financial inclusion in the coming year noting that about
53,238 customers benefited from the disbursement.
Speaking at the bank’s Customer Forum in Lagos, Managing Director, AMfB, Mr. Taiwo Joda, said that the bank would be opening 80 more branches in existing states and new ones to have a footprint in the North and FCT. This would cover the whole federation by 2022 as part of its mandate. He added that the bank would be introducing new products that would address specific needs of its customers and continue to invest in IT infrastructure to ensure that all services touch points are reliable.
Joda
said, “Our mandate is to surpass your expectations in
2018 and beyond with a lot of packages such as the launch of new code for AmfB,
among others. Whatever Accion would become, it is because of the foundation
laid by Ms Bunmi Lawwson and her
dedicated management staff that worked with her in the last 10 years. By the
grace of God, in 2018, we are going to open 80 more branches because we have
the system, we have the resources.”
Outgoing
Managing Director, Lawwson, said that the bank which commenced operations in
2007 with one branch and 18 staff have grown to become a National MfB from
2,531 customers to 165,000 as at November 2017.
She
said: “We are setting out to serve our customers
better. The first thing is to multiply the available channels that our
customers can receive services through technology. We are going to deploy a lot
of technological changes, they are going to use their USSD code, we are going
to make the digits easy to recall by introducing a new USSD code for our
customers to be able to do businesses on their internet platform, transfer and
receive money both within and outside the country.” (Vanguard)
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