Catland MFB Declares N24 Million Profit For The Year Ended 2023
A resourceful microfinance bank in Ogun State, Catland MFB has declaredN 24 million profit after tax for the year ended 2023.
According to a statement credited to the Managing Director of the bank, Otunba Benjamin Odewale Odegbemi, the bank will continue to build on the positive legacies of its founding fathers by adding value to its customers and putting smiles on the faces of its shareholders.
Otunba Odegbemi hinted that despite the harsh economic situation of the country, the bank was able to look inwards and explore available opportunities to maximise profit.He pointed out that bank is well equipped with competent professionals that are well trained and retrained to be up to the task of providing excellent banking services to the public.
The Chartered Accountant with passion for human development said that the bank has been able to operate within the CBN guidelines and was able to leverage on key banking principles to achieve success.
Otunba Odegbemi explained that the bank had a functional Board of Directors that are up to the task of providing the necessary impetus for the bank to leverage upon. He added that this has made the bank to make good profits and declare dividends to shareholders of the bank, which has also pushed the bank to forge ahead in all aspects of its investments.
He added that the bank has a branch in Eruwon which has made the bank to expand its banking services to the grassroots people through the provision of soft loans to small and medium scale businesses which has reduced the level of poverty in the society.
Otunba Odegbemi explained that the bank will continue to upscale its services through I.T and as such providing world class banking services to its teeming customers.
He revealed that the bank had several products for its customers that were designed to meet up with their challenges and reposition them for future benefits.
In his words of motivations to Nigerians, he stated that the economy of the country will improve again while stressing the need for business owners to reduce wastage, improve on their products and services and also change their strategies in the area of marketing.
He assured shareholders of the bank that the bank will continue to make good profit and declare dividends on their investment in goodtime.
Catland Microfinance Bank was established forty years ago providing succour to small scale businesses while providing financial solutions for private businesses to flourish.
