The Managing Director, Moneytronics Microfinance Bank Limited, Mr Ndubuisi Okoli, said the bank has remained committed to supporting government policy on financial inclusion and contributing to the socio economic development of the country.
In a statement, he said this while speaking on the bank’s 30-years of supporting businesses and economic activities in Nigeria with loan facilities, and boosting government efforts on financial inclusion.
“The wider spread of clientele and areas of operation has been achieved through the deployment and extensive use of technology,” he said.
Established in 1992 as Ipodo Community Bank Limited, he said, the bank transformed to Ipodo-Ikeja Microfinance Bank Limited in 2007 after meeting the Central Bank of Nigeria’s new capital requirement, and again in 2020 digitalised operations to become Moneytronics Microfinance Bank Limited.
Through these changes, he noted that it had grown in clientele and scope of operations, cutting across the length and breadth of Lagos State and Nigeria in general.
“The 30th anniversary gives us a solemn opportunity to praise God, look back at the journey so far, viz-a-viz present situation in the banking industry and our plan for the future,” he said.
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