LivingTrust Mortgage Bank wins MSMEs funding award

LivingTrust Mortgage Bank Plc for the second consecutive year clinched the award for the Participating Financial Institution with the Highest Impact on MSMEs Accessing Credit for the First Time, at the 2023 Development Bank of Nigeria Service Ambassadors Awards.

According to a statement issued by the bank, it offers credit to Micro, Small and Medium Scale Enterprises, who are first-time borrowers, through its credit origination system while ensuring very low non-performing loan ratio.

The award organisers, DBN, said that Livingtrust Bank’s performance in this area has offered tremendous boost to the attainment of its (DBN) core objective to reach MSMEs, who would have been unqualified for loan due to lack of credit history.

LivingTrust Managing Director, Dr Adekunle Adewole, thanked DBN for recognising its unique efforts in supporting the growth and success of otherwise disadvantaged MSMEs.

“Livingtrust Mortgage Bank Plc is pleased to receive this award for two consecutive years, having also received the award for the 2022 financial year. As a bank, we have operational footprints in communities where we are the only financial institution physically present. In these communities, we play significant roles in driving financial inclusion by making credit available to small businesses to spur economic activities in rural areas. We are proud of what we have achieved and we intend to do more in this regard,” Adewole stated.

LivingTrust was represented at the award ceremony by its Executive Director, Dr. Olumide Adedeji; Group Head, Treasury and Institutional Partnership, Mr. Charles Olaluwoye and Group Head, Legal and Corporate Strategy, Mr. Timothy Gbadeyan.