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Mutual Trust Microfinance Bank Limited

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Nigeria

Founded in

Apr 2016 (9 Years)

Founded

Last online: No recent activity


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2.67

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Security Information

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Get to know Mutual Trust Microfinance Bank Limited

    Mutual Trust Microfinance Bank is a financial brand that was re-capitalized and renamed from the old Mark de Rock MFB in April 2016. A change in name and management is a deliberate move to make our mark on the sands of the financial times in our part of the world and to serve the lower echelons of the economic pyramid specifically, by affecting households. Hundreds of thousands of customers down the line, ours has been a success story down a road littered with testimonials of our prompt and forward-looking customer service, sustainable progress, and a focus on delivering superior returns to all stakeholders. Our lending methodology takes cognizance of the need of hundreds of thousands of civil servants needs to establish cottage businesses in a bid to empower their households with small trade, thrift, and small farm setups across the agriculture value chain, with structured and term loans, as well as business support to Small and medium scale enterprises and people at the base of the economic pyramid in Nigeria. These are funded by our shareholders and stakeholders as well as products for funds placement that are second to none in the industry.

    Industry

    • Financial BankingPRIMARY
    • Financial Other Service

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