10, Moshood Abiola way, Challenge. Ibadan
Our Milestones - Journey so far
Commencement of Group Lending Business
• Group Lending pilot activities commenced in Ibadan in September 2014
• Obtained EFINA Innovation Grant of $2m to deliver Micro lending business across 70
branches in 2 years with Agency banking roll out in numbered agent locations
• PBT of N195.2m, which was N39.5m above budget in 2016
• Total deposit of N445m; N3.3b loan to 56,747 customers across 46 branches.
• Technology Implementation for group lending and agent banking
• MFB License for OYO state approved in Sept. 2016
• Implementation of BR.Net core Banking application completed
• Automation of loan process on mobile fully implemented.
• Centralization of MIS Process.
• ATM card and automated savings platform to be launched soon
• Aggressive Customer Engagement through Financial Literacy & Health awareness
• The Health awareness and Financial Literacy training for Clients
• Customer Forum engagements on an ongoing basis
• Customer incentive to drive loyalty among Clients and Group Leaders