NPF MICROFINANCE BANK PLC

NPF Microfinance Bank Plc traces its origins to NPF Community Bank Ltd, which was incorporated on May 19, 1993, commencing operations in Lagos on August 20, 1993, after receiving a provisional license from the Central Bank of Nigeria. The institution evolved significantly, transitioning from a community bank to a microfinance bank in December 2007, following an approval-in-principle in May of the same year, adapting to the Central Bank's microfinance policy. Further solidifying its presence in the Nigerian financial landscape, the bank converted to a public company and subsequently listed its shares on the Nigerian Stock Exchange on December 1, 2010. Headquartered in Lagos, Nigeria, the bank maintains a national presence with numerous branches spread across various states in the country, and its controlling shareholder is the Nigeria Police Co-operative Society Limited. The core business model of NPF Microfinance Bank Plc revolves around providing comprehensive banking and financial services. Its main products and services include retail banking, offering savings and current accounts, term deposits, and a range of loan products such as consumer loans, MSME loans, salary advances, and mortgage loans. The bank primarily serves personnel of the Nigeria Police Force, including both serving and retired officers, and their ancillary institutions. Beyond this primary constituency, NPF Microfinance Bank also extends its services to the general public, particularly focusing on poor and low-income households and micro-enterprises across Nigeria. The bank utilizes electronic channels like cards, internet banking, mobile banking, USSD, and agency banking to deliver its services across its operational geographies.