NPF Microfinance Bank, the only micro finance bank in capital market, ranks second in capital appreciation, targets expansion

L-R: Executive Director, Finance & Administration, Mrs. Olamide Akin-Balogun; Managing Director, Mr. Habeeb Yusuf; Executive Director, Operations, Mr. John Tizhe and Company Secretary & Legal Adviser, Mrs. Osaro Idemudia, of Nigerian Police Force (NPF) Microfinance Bank, at an interactive session with journalists in Lagos recently 





By allcitynews.ng 



Nigeria Police Force (NPF) Microfinance Bank has recorded remarkable growth over the past three decades, evolving from a modest institution with a capital base of ₦500,000 in 1993 into a national microfinance powerhouse with shareholders’ funds of about ₦13 billion and over 1.5 million customers nationwide.


Speaking during an interactive session with journalists in Lagos, the Managing Director, Mr. Habeeb Yusuf, disclosed that the bank is currently the only microfinance bank listed on the Nigerian Stock Exchange, a milestone that reflects its stability, transparency and strong corporate governance.


According to him, the bank began operations in 1993 and gradually expanded into a national microfinance bank with 49 branches across all state capitals.


“We grew from ₦500,000 in 1993 to about ₦13 billion in shareholders’ funds today. We are the only listed microfinance bank and among the best-performing banks in capital appreciation,” Yusuf said, noting that the bank ranked second best in capital appreciation in 2025.


He dismissed the notion that the bank serves only police officers, explaining that while police-related institutions own about 76 per cent of the bank, only 45 per cent of salary customers are police officers, while the majority are civilians and professionals.


Executive Director of Operations, Mr. John Kwabe Tizhe, said the bank offers a wide range of savings, loan and specialised products including women-focused schemes, halal banking and micro-housing loans, adding that thousands of officers and civil servants have benefited from its housing and business loans.


He said the bank offers competitive interest rates and has maintained non-performing loans below the Central Bank threshold, while also investing heavily in digital banking platforms.


The Managing Director expressed optimism about the future, revealing plans to triple the bank’s balance sheet within five years and deepen financial inclusion nationwide.


“Our goal is to be more visible, accessible and impactful across Nigeria. NPF Microfinance Bank is safe, strong and open to all Nigerians,” he said.



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