LAPO Microfinance Bank has secured two awards at the recent Industry Awards, being named “Microfinance Bank of the Year” and “Best Microfinance Bank in Support of MSMEs.” These recognitions highlight the bank’s ongoing commitment to supporting micro, small, and medium enterprises (MSMEs) and promoting financial inclusion in Nigeria.

The awards reflect LAPO’s continued focus on developing financial products and services tailored to the needs of entrepreneurs. Over the past year, the bank has expanded its offerings aimed at improving the financial stability and growth of MSMEs across the country.

Mr. Oluremi Akande, Director of Marketing and Corporate Communications at LAPO, shared his thoughts on the win, stating, “These recognitions are a testament to our deep-rooted commitment to serving the underserved. At LAPO, we believe in the transformative power of microfinance to uplift individuals, businesses, and communities. We dedicate these awards to our customers, partners, and employees who drive our mission every day.”

LAPO’s efforts to support MSMEs include providing access to credit for women-led businesses, rural entrepreneurs, and small-scale enterprises. The bank also focuses on capacity-building initiatives and promoting financial literacy. These initiatives have impacted thousands of entrepreneurs across Nigeria.

With a client base of over 6.4 million and a workforce of 7,024 employees, LAPO operates 536 branches across 34 states and the Federal Capital Territory (FCT).

The bank manages a loan portfolio of ₦106.2 billion, a deposit balance of ₦59.2 billion, and has disbursed over ₦1 trillion in loans.
Its total assets exceed ₦124 billion, further solidifying its role in advancing financial inclusion and economic growth in Nigeria.