Teerus Microfinance Bank Secures CBN Licence to Serve SMEs and Underserved Communities
Teerus Microfinance Bank will roll out its services in phases, with digital channels forming a key part of its growth strategy, as it seeks to support national economic development and empower businesses and communities across Nigeria.
Teerus Microfinance Bank Limited has officially received its operating licence from the Central Bank of Nigeria , allowing it to commence microfinance banking operations across Nigeria.
The bank plans to provide accessible financial solutions for individuals, small and medium-sized enterprises (SMEs), and underserved communities. Its offerings will include savings and deposit accounts, micro and SME loans, working capital and purchase order financing, digital banking services, and financial advisory support.
With a strong focus on technology and innovation, Teerus aims to simplify banking processes, enhance customer experience, and promote financial inclusion, particularly for micro-entrepreneurs and growing businesses. The bank’s operational framework emphasizes corporate governance, regulatory compliance, risk management, and a customer-first approach.
Teerus Microfinance Bank will roll out its services in phases, with digital channels forming a key part of its growth strategy, as it seeks to support national economic development and empower businesses and communities across Nigeria.
