Alpha Morgan Bank Limited has relocated its head office from 44 Adetokunbo Ademola Crescent, Wuse II, Abuja, to 52 Adetokunbo Ademola Street, Victoria Island, Lagos. This strategic move signifies a new phase in the bank's growth and nationwide expansion. The relocation follows significant milestones achieved by the bank, including the expansion of its branch network across several cities.
Within its first 10 months of operations, Alpha Morgan Bank recorded a Profit Before Tax (PBT) of ₦1.9 billion and exceeded its capitalisation threshold. This strong early momentum reflects the bank's potential for growth and sustainability. The bank's financial performance has been impressive, and it continues to build on this foundation.
Alpha Morgan Bank is committed to investing in people through inclusive recruitment and supporting communities through its Corporate Social Responsibility initiatives. The bank also promotes economic knowledge sharing through the quarterly Alpha Morgan Economic Review webinar with Bismarck Rewane. These initiatives demonstrate the bank's dedication to creating a positive impact.
The Managing Director/Chief Executive Officer, Mr. Ade Buraimo, commented on the relocation, highlighting its significance in the bank's growth journey. He attributed the bank's achievements to the dedication of its people, the trust of its customers, and its commitment to building a strong, accessible, and sustainable financial institution.
Mr. Buraimo also thanked the Regulator, the Central Bank of Nigeria (CBN), for their continued support and expressed appreciation to the board, management, and entire staff for their contributions to the bank's progress. The bank remains committed to strengthening its nationwide presence and deepening customer relationships.
The relocation to Lagos is expected to enhance the bank's visibility and accessibility, allowing it to better serve its customers and create lasting value for the communities it serves. Alpha Morgan Bank's expansion plans are geared towards establishing a strong and sustainable financial institution.
As Alpha Morgan Bank continues to grow and expand, it is well-positioned to make a positive impact in the Nigerian financial sector. With its commitment to inclusive recruitment, community support, and economic knowledge sharing, the bank is poised to become a major player in the industry.
Key points
- Alpha Morgan Bank has relocated its head office to Lagos, marking a new chapter in its growth and nationwide expansion.
- The bank recorded a Profit Before Tax (PBT) of ₦1.9 billion within its first 10 months of operations.
- Alpha Morgan Bank is committed to investing in people, supporting communities, and promoting economic knowledge sharing.
