BACKGROUND/INTRODUCTION
In line with the Central Bank of Nigeria (CBN) financial policy regulation, prudential guidelines and the financial inclusion policy; the Bank proposes AMMFB deposit products specifically designed to meet the financial services needs of the micro, small and middle income individuals, entrepreneurs, corporate businesses, associations and groups. The products are tailored to offer convenient and competitive value adding services for fund deposits, cash and electronic services transactions, demand or going business deposits, investment deposits and target savings to all categories of customers with due consideration of CBN’s Three-Tier KYC account opening requirements.
A transactional savings deposit account specifically designed for individual to encourage financial inclusion and in line with CBN’s Tier 1 KYC requirement.
A transactional savings deposit account with full KYC requirements execution specifically for individuals who wish to make savings that could be called at short notices. Also applicable for joint account ownerships.
A transactional current account for individual business owners (and salary earners) to facilitate numerous business transactions (cash or electronic) on the go. Operating a current account is also a precondition for accessing Credit facilities.
A transactional current account for CAC/Government MDA registered businesses who desire prompt and efficient banking services to facilitate their business transactions (cash based and electronic) and needs.
To further promote the Bank’s offerings and Brand as a foremost Microfinance Bank in the country.
To expand the Bank’s client base and increase liquidity by providing much needed financial transactional services to customers with ease and convenience.
To have a dynamic product which aligns with the CBN’s Financial Inclusion policy and the three tiered KYC approach.
To raise the Bank’s earnings for effective sustainability and growth.
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