Retrust MFB sets new standard with ₦8.9 billion organic growth in under six months

Business Insider

7 days ago

Emerging quietly onto Nigeria's financial stage, Retrust MFB is now making loud waves. Without resorting to external capital injections or aggressive investor funding, the bank has defied convention, growing sustainably through customer deposits, responsive lending, and deep-rooted community engagement.
Founded with a mission to offer accessible and inclusive banking, Retrust MFB is proving that financial growth doesn't have to come at the expense of trust or grassroots connection. Its rise comes at a time when many new entrants in the microfinance space are struggling to balance innovation with regulatory compliance and long-term impact.
Alhaji Tajudeen Olawale Olatinwo, Chairman of the Board and a retired Senior Bank Examiner with the Central Bank of Nigeria, attributed the impressive growth to a foundation of clarity and shared purpose. 'We've stayed true to our core: trust, discipline, and impact. This is leadership, strategy, and a strong sense of duty to the people we serve,' he noted.
Retrust's expanding influence is anchored on real financial tools designed to meet real needs. From NORA Target Savings and Nano Loans, to EduAssure educational financing and POS/Agency Banking services, the bank has crafted a suite of solutions tailored to underserved communities and emerging entrepreneurs. The rollout of its mobile banking app and debit card further reinforces its commitment to digital-first convenience.
Dr. Oluwatosin Olatujoye, a member of the Board, emphasized that Retrust's success lies in its grassroots approach.'We're showing that inclusion isn't a buzzword, it's a strategy. Every naira of this ₦8.9 billion reflects trust earned, not capital raised.'
At the operational helm, Managing Director Babatunde Oladimeji echoed the sentiment. 'This is not just a financial achievement, it's a validation of our model. We've grown from within by solving actual problems. This is what real banking should feel like.'
As the industry turns its attention toward financial inclusion and sustainability, Retrust MFB's trajectory signals a powerful shift. It is building not only a robust institution, but also a movement, one that proves banking can be both profitable and principled.
With its values intact, its systems growing, and its impact expanding, Retrust Microfinance Bank is poised to become a trusted name in inclusive banking across Nigeria and beyond.