- (+234) 800 OTECHBANK
- hello@otechbank.com
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Plot 625 Aminu Kano Crescent, Wuse II, Abuja
Otech MFB is licensed by the Central Bank of Nigeria (CBN) to operate as a Microfinance Bank. We are focused on provision of financial inclusiveness to Small and Medium Scale Enterprises, Traders, Farmers, the economic active poor and under-served, and those that do not have access to banking services in the rural areas and who are at the bottom of the economic pyramid.
Microfinance Bank is endowed with an active Board made up of men and women who have distinguished themselves in banking, public service and entrepreneurship, and who bring strong competencies to the management of the bank. We are strategically positioned to provide excellent services to our customers and exceed all service expectations.
Our Vision
To be the leading customer-responsive and environmentally-friendly microfinance bank, with motivated employees, and technology that delivers affordable, sustainable world-class microfinance bank with related services.
Our Mission
To create wealth for the active poor by providing quality, professional, and efficient financial services and resources in an ethical and economically sustainable manner.
Our Shared Values
Commitment
Honesty
Integrity
Love
Discipline
Quality
Our Corporate Strategic Objectives
- To Carry out the business of microfinance banking by providing services to micro, small and medium enterprises (MSMEs), formal and informal self-help groups, individuals, cooperatives, associations and low-income groups in Nigeria irrespective of health or status.
- To Provide credit to customers, especially small and medium enterprises, low income earners and ensure effective loans usage among beneficiaries.
- To render business advisory, managerial, marketing, technical and administrative support and non-bank financial services to our customers.
- To encourage savings culture to ensure sustainability in businesses as a tool to poverty alleviation in Nigeria.
- To improve and carry out at a higher level, the business of microfinance banking service delivery through State-Of-The-Art technology (FINTECH) in Nigeria.
- Maintain the Brand as a unique and foremost Microfinance Bank; driven by passion for innovation, creative solution, amazing customer service and leveraging on technology whilst creating optimal value for all stakeholders.
- Expand aggressively and strategically in concentric circles around key regions in Nigeria.
- Maintain our pre-eminent position as market leaders in Nigeria.
- Focus on creating a brand known for amazing customer service.
- Deepen and Broaden relationship with Microcredit, SMEs and our retail client base for greater outreach and impact.
- Continuous and never-ending improvement in Innovation and process automation leveraging on cutting-edge technology.
- Effectively expand existing operations by exploiting various distribution channels.
- Enhance processes and structures to improve operational efficiencies and exceed customer expectations.
- Standardize and Improve cross-selling of existing products and create new innovative products to meet emerging needs.
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Our Strategic Goals
- To become the dominant player in the Nigerian Microfinance industry
- To be specifically amongst the top 3 in Nigeria in the Microfinance space in terms of Assets and ROE by year 2027
- Continue to be recognized as the preferred Microfinance bank for customers who seek real value and support
- To continue to be the lead Microfinance Bank in Nigeria driven by technology (FINTECH)