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ATBU Microfinance Bank Goes Operational

The Microfinance bank set up by the Abubakar Tafawa Balewa University (ATBU) in 2015 has begun operation.
Alhaji Awal Amin, Executive Director of the bank, told the News Agency of Nigeria (NAN) on Tuesday in Bauchi that the institution commenced operations two weeks ago.
He said that the institution was granted operational licence by the Central Bank of Nigeria (CBN) to start with N32 million share capital.
Amin said that the institution would also operate normal banking services by granting loans to salary earners.
He said that the category ‘E’ institution was operating mobile and e-banking to stand the test of time.
The director said that the institution intended to pump in more resources, to enable it to move in modern trends.
He said that customers could access one quarter of their salaries as loan before the payment of salaries. (NAN)

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