Alert MFB grows assets to N50bn amid inflation, rising credit demand
By Babajide Komolafe Alert Microfinance Bank has recorded a 20-fold increase in total assets to N50 billion in three years, as rising inflation, naira depreciation and stronger demand for credit reshape Nigeria’s banking landscape.
Today, the Group has total assets of about N120 billion, while Alert Microfinance Bank has about N50 billion, from about N2.
According to him, “The growth that you see in Alert Microfinance Bank and Alert Group as a whole is a deliberate plan to ensure that we are able to deliver quality service and extend our services to as many Nigerians as possible.
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