AB Microfinance Bank Nigeria Ltd.

AB Microfinance Bank Nigeria Ltd.

AB Microfinance Bank Nigeria Ltd.

Date Founded



28, Akintoye Shogunle Street,Ikeja,Lagos 100282

Type of Company



Retail & Commercial Banking
Holding Companies

Company Description

AB Microfinance Bank Nigeria Ltd. operates as a commercial microfinance bank. It provides a range of financial services to micro, small and medium-sized enterprises, and other clients in the lower income strata. The company was founded in May 2008 and is headquartered in Lagos, Nigeria.

Executives & Employees

Chief Executive Officer, Director & MD

Chief Risk Officer

Chief Credit Officer

Chief Banking Services Officer

Board of Directors

Chief Executive Officer at Access Microfinance Holding AG

Former Chief Financial Officer at Incofin Investment Management Comm. VA

Former Professional at KfW Entwicklungsbank

Former Chief Sustainability & Governance Officer at Dangote Cement Plc

Senior Consultant-Banking at LFS Advisory GmbH

Chief Executive Officer, Director & MD at AB Microfinance Bank Nigeria Ltd.

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KfW Mittelstandsbank invests in young technology-based businesses and established small and medium-sized companies.The ERP Start fund is invested in early-stage innovative businesses, generally in syndication with a third-party investment firm, a corporate strategic investor, the German Federal Ministry for Economics and Labor (BMWA) and private investors. The firm co-invests with a lead investor who provides consulting support to the investee. They avoid getting involved in the management of the companies in which they invest. The firm may participate in subsequent financing rounds. The ERP Start fund is focused on technology-based startups developing new products or services based on their own research and development effort.The ERP Participation program makes one-time only investments in direct equity participations, targeting established middle-market companies with an annual turnover of up to 50 million Euros. ERP Participation focuses on expansion financing, operational restructuring, corporate successions, shareholder restructuring and innovative or cooperative projects. The targeted investment horizon varies from 10 years in the western part of Germany to 15 years in the eastern regions.The KfW Unternehmerkapital program specializes in mezzanine financing, offering long-term subordinated loans to startups, expansion-phase businesses and established companies.

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IFC Asset Management focuses on investments in emerging markets with emphasis on the following global themes: carbon finance, cleaner technologies, social responsibility, sustainable investing, investment climate advisory services, gender and global environment. The firm invests in a variety of regions including: Sub-Saharan Africa, East Asia & the Pacific, Europe & Central Asia, Latin America & the Caribbean, Middle East & North Africa, South Asia and South East Europe.

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AccessHolding is an active manager which invests in start-up and early-stage microfinance institutions worldwide, with an initial focus on building regional clusters of microfinance banks in Sub-Saharan Africa and Central Asia.The firm focuses on equity investments, taking controlling majority stakes of their investee MFIs as sole investor or co-investing with like-minded investors, including AccessHolding shareholders.AccessHolding seeks to tightly oversee and actively foster the development of their investee banks, forming the strategic node of the network banks while LFS Financial Systems provides management and consulting services. They exercise the central interface function by providing investee banks with support including product development, internal audit and control, information and knowledge management and refinancing.The firm provides flexible, task-specific assistance in areas which are typically underdeveloped in early-stage MFIs, allowing management to focus on day-to-day operations and building up the key functions which they require to sustain and drive medium and long-term growth.

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