She was a seasoned banker for over 25 years of experience, with a strong technical background in banking Operations.
Covenant Microfinance Bank
Incorporated as a private limited liability company on May 6, 2003 and commenced operations on March 15, 2004 as Covenant University Community Bank Limited (CUCB LTD). Converted to a Microfinance Bank in line with Central Bank of Nigeria’s directive to all Community Banks and commenced business as such on January 11, 2008. Granted license to operate as a State Microfinance Bank in December, 2012 having met the prescribed N100 million minimum capital requirement. In 2014, became one of the first Microfinance Banks to generate the 10-digit Nigeria Uniform Bank Account Number (NUBAN) for all its customers after successfully signing up for integration to NCS.
Incorporated as a Private Limited Liability Company
Commenced Operations as Covenant University Community Bank Limited (CUCB LTD)
Converted to a Microfinance Bank based on Central Bank of Nigeria’s directive to all Community Banks
Covenant Microfinance Bank was granted license to operate as a State Microfinance Bank with the prescribed N100 million minimum capital requirement
Became one of the first Microfinance Banks to generate the 10-digit Nigeria Uniform Bank Account Number (NUBAN) for all its customers after successful sign up to the Nigeria Central Switch (NCS) network. By implication the bank was also signed up to NIBSS Instatnt Pay (NIP) service thereby ensuring customers can perform inter-bank transfers with ease. The bank also secured connection to the InterSwitch Network for ATM service, PayDirect and QuickTeller Solutions.
To be the leading Microfinance Bank in the business of transforming ordinary individuals and micro-enterprises into wealth creators.
- To meet the developmental needs of the community
- To intellectually promote creativity
- To serve as an instrument of wealth creation.
It’s more than just a Bank
We are Transforming Ordinary Individuals into Creators of Wealth
Meet The Board
He was the Head of Department, Accounting, School of Business, Covenant University Ota, Ogun State.
He is endowed with a pleasant personality and capability to work effectively in multi-cultural environments.
Meet Our Management
Mr. Olawale Oyerinde is the Head of Operations and Treasury/Investment of Covenant Microfinance Bank Ltd
Administrator Obaniyi Solomon is the Head of Admin./Human Resources of Covenant Microfinance Bank Ltd.
Alowonle Michael is a thorough bred professional banker with a strong inclination for performance and success.