The Alternative Bank has received endorsement and support of the Emir of Lafia, Justice Sidi Bage in transforming the city’s financial landscape.
At the unveiling and launch of The Alternative Bank’s new branch dedicated to bringing an unconventional approach to ethical banking, the Emir expressed admiration for the bank’s commitment to financial accessibility and community empowerment.
The support from the Emir signifies a significant step forward in the bank’s mission to meet the fast-evolving financial needs of the Lafia community.
Bage remarked, “this bank is the first of its kind in our community. We have been yearning for an ethical banking system in line with our faith, and today, our wish is fulfilled because The Alternative Bank is here.”
He urged residents, irrespective of religious affiliation, to patronise The Alternative Bank, emphasising that the bank caters to everyone.
The executive director of The Alternative Bank, Garba Mohammed provided insights into the institution’s role within the Sterling Group’s transition to a financial holding company.
He clarified that The Alternative Bank operates as a non-interest banking subsidiary, complementing Sterling Bank Limited’s conventional services.
Mohammed called on residents of the state to maximise the opportunity of partnering with the bank to get quick financing for their existing businesses and establish new ventures.
“The launch of our new non-interest bank branch here in Lafia, Nasarawa State, marks the beginning of a new era in financial services. Our commitment to sustainable economic growth goes beyond just financial transactions,” Mohammed stated.
He added that, “ethical banking is at the heart of everything we do. Our financial products and services comply with Sharia principles, ensuring that our customers’ financial dealings align with ethical standards.”
The relationship manager of The Alternative Bank’s Regional Business Office, Adelani Adeshina highlighted the seamless account opening process, emphasising that residents could open accounts from the comfort of their homes using their phones.
Established in 2014 as Sterling Alternative Finance,
The Alternative Bank has evolved to become a leading player in Nigeria’s non-interest banking sector. The endorsement from the Emir of Lafia reinforces the bank’s commitment to ethical banking principles and financial inclusivity.
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