One million units in any currency is never a small amount. This is more so in an economy where next to majority of the population live on the borderlines of poverty. To achieve one thousand times of that amount cannot go unnoticed.
It is on this note that the Board of Directors of GMB Microfinance Bank Ltd announce with Gratitude to all our stakeholders, especially our numerous customers, our achievement of a milestone of N1,000,000,000.00 in TOTAL ASSETS as at close of business on 6th October,2021.
It signifies a measure of confidence reposed on us by our numerous depositors and other customers. This confidence is further accentuated by the good corporate governance exhibited by the management of the bank.
Above all, it places us in another capacity to serve our customers in the grant of SME loans, Agricultural loans, Conventional loans Micro loans, Bank overdrafts, Equipment leasing, Invoice factoring, Hires purchase arrangements for Tricycles & other vehicle etc.
It is gratifying to note that 75% of these assets are in cash and cash equivalents as well as in guilt – edge securities suitably backed up and secured.