First Focus Magazine

Catland MFB Reaches Greater Height, Declare 67 Million Profit For He Year Ended 2024

One of the fastest growing Microfinance bank in Nigeria, Catland MFB has declared 67million profit for the year ended 2024.

According to a statement credited to the Managing- Director of the Bank, Otunba Odewale Odegbemi, stated that the bank has continued to tow the line of speedy progress, pointing out that despite harsh economic condition in the country, the bank was able to declare a profit of N67Million for year ended 2024.

The chartered accountant with passion for human development, revealed that the bank was able to declare 15k per share while shareholders were paid fifteen million naira on their investment.

He added that the bank was able to increase its share capital to one hundred million naira a trend that would further equip the bank to be up to the task of providing excellence services to its numerous customers.

He added that the bank had introduced new products that would provide financial solutions to tackle its various challenges in the small and medium scale businesses, pointing out that the strategy was to upscale the economically active poor to be self sustaining in their localities.

He hinted that the bank would continue to train and retrain its staff so as to promote service delivery and provide world class banking service that would further position the bank as one of the best in the country.

Otunba Odegbemi further gave his word of assurance to shareholders of the bank, promising them that the bank would not disappoint them. He assured them that, the bank would continue to build on its achievements over the year with a focus towards becoming a national bank.