LOTUS Bank, a Non-Interest Bank (NIB) in the country has expanded its operations by opening 3 new branches in Lagos, the commercial capital of Nigeria.
The new locations are Idumagbo on Lagos Island, Allen Avenue, Ikeja and Oshodi Transport Interchange on Lagos Mainland, these locations are commercial nerve centers in Lagos and serves as a strong statement from Lotus Bank’s intention to throw its full weight in the financial services sector ring in Nigeria..
The bank said in a statement that these new branches will complement its digital capabilities and enable the offering of better services to its customer base. The Oshodi outlet is a purpose-built Digital Service Centre designed to offer customers an exciting banking experience.
Poised to have its customers experience banking with ease, LOTUS Bank launches with digital offerings, which enable customers to open accounts online on the its website and transact via USSD banking. This is in addition to the issuance of free debit cards to account holders and zero account maintenance charge.
The Managing Director, Mrs Kafilat Araoye stated that, “With evolving digital solutions and a millennial generation coming into centre stage, LOTUS Bank is bringing on board innovative and comprehensive non-interest-compliant financial solutions in investment banking, consumer banking, asset management, private banking, and wealth management.
“At LOTUS Bank, we believe in fairness to all parties in every business transaction. This is a requirement for building any strong economy. Everyone can thrive where fairness prevails. Non-Interest Banking stands for equity and ethics in business, as well as growth for the real sector” she added.
“Financial Inclusion is also a strong motive for setting up LOTUS Bank. The concept of financial inclusion targeting the unbanked and underbanked population cannot remain just a concept but must be seen as an actual necessity, for the nation’s economic growth” Araoye further noted.
With a growth strategy focused on continuously evolving by providing endearing financial products, innovative solutions, and expanding coverage across regions, LOTUS Bank aims to be of service to its current and future customers, who are looking for an alternative banking model in Non-Interest Banking.
