CBN grants national banking licence to Fortis MFB
The Central Bank of Nigeria has granted a national banking licence to Fortis Microfinance Bank Plc.
The approval was confirmed by the
Chairman of the bank, Mr. Felix Achibiri, while speaking during the
bank’s Annual General Meeting held on Tuesday in Abuja.
He said with the national banking
licence, the bank, which he described as the largest MFB in Abuja and
the North Central Region, would be able to provide more credits to
business enterprises across the country.
Achibiri said the national banking
licence would also enable the bank to drive the financial inclusion
programme of the CBN across the country by providing financial services
to all the states of the federation.
He
said, “Fortis Microfinance Bank Plc from the onset was clear that it
will build a world-class bank of Nigerian origin and with the right
workforce that places customers at the heart of all its activities.
“With a national banking licence, Fortis
will be driving the CBN’s financial inclusion programme across the
country by providing financial services to all the states of the
federation.
“Our success story over the years will be
replicated nationwide and we will also, through the use of technology,
bring banking to the doorstep of all Nigerians, particularly those at
the base of the economic pyramid who are either underserved, underbanked
or completely disenfranchised by the conventional financial service
providers.”
He further said the bank had entered into
partnership with other financial institutions such as the African
Development Bank and the Bank of Industry in order to provide innovative
banking services to its customers.
He said, “The path to dominance is very
clear. We will develop and empower our people to be the best in the
industry; we will innovate more, employ technology to provide simple,
flexible and convenient solutions to our customers .
“We will engage more strategic
partnerships that will bring about improved returns and sustainable
growth as well as stakeholders satisfaction over the short, medium and
long term.”
Meanwhile, at the meeting, shareholders
of the bank gave approval to the proposal of the board to raise
additional capital through private placement from the issuance of
656,666,668 units of ordinary shares at N1.50k per share.
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