Bank renews commitment to drive government plans on financial inclusion

Moneytronics Microfinance Bank Limited has expressed commitment to support government initiatives on financial inclusion and contribute to the economic growth in Nigeria.

This was expressed by the bank in an event to mark 30 years of supporting businesses and economic activities in Nigeria with loan facilities, and boosting government efforts on financial inclusion.

Speaking at the event, the Managing Director, Moneytronics Microfinance Bank Limited, Ndubuisi Okoli, said the bank is committed to support all government initiatives on financial inclusion and also driving economic development of the country.

“The wider spread of clientele and areas of operation has been achieved through the deployment and extensive use of technology,” he said.

Financial inclusion rising, sustain the tempo 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 said, it had grown in customers and scope of operations, cutting across the length and breadth of Lagos State and Nigeria in general.

According to him, “The 30th anniversary gives us a solemn opportunity to praise God, look back at the journey so far, viz-a-viz present situation”