Alert Microfinance Bank, a Central Bank of Nigeria’s licensed deposit taking institution, says it has got a state licence approval from the banking regulator.
It said in a statement that this achievement showed the institution’s commitment to enhancing financial services, and responding to the evolving needs of micro, small, and medium sized enterprises.
The statement said at a recently attended forum in Lagos by customers and partners, the bank expressed gratitude for their continued support.
The event served as a platform for engaging with customers, gathering feedback, and introducing groundbreaking banking solutions.
During the forum, Alert Microfinance Bank said it unveiled its cutting-edge ‘Alert Mobile App’, and introduced the innovative ‘Kolo Ajo Savings Product’, marking a transformative moment for its growing customer base.
It said, “The Alert Mobile App, now available on the Google Play Store, is designed to redefine the banking experience, offering users a seamless and user-friendly interface powered by advanced technology. The Kolo Ajo Savings product also enables users to set aside funds flexibly, starting from as low as 1,000 naira daily, weekly, or monthly.”
Having received its financial institution licence from the apex bank in 2014, Alert Microfinance Bank said it had provided a comprehensive range of financial services, including savings, current, and fixed deposit accounts.
The newly acquired state licence further empowered the bank to expand its commitment to serving micro, small, and medium-sized enterprises and the wider public, it stated.
Speaking at the forum, The Group Chief Executive Officer of Alert Group, Dr. Olanrewaju Kazeem, highlighting another achievement, said Alert MFB’s shareholders’ funds had exceeded N1.5bn, and its balance sheet currently was more than N11bn.
Kazeem emphasised the organisation’s dedication to ensuring secure access and efficient management of funds for seamless transactions, leading to the introduction these two unique products.
