LOTUS Bank Limited, Nigeria’s third non-interest bank, has expanded its operations with the simultaneous opening of three new locations in Lagos, bringing its physical branches to four.
It obtained its regional licence from the Central Bank of Nigeria in May this year as a commercial bank and started at Victoria Island on July 7, 2021.
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LOTUS Bank’s new locations are at Idumagbo on Lagos Island, Allen Avenue, Ikeja, and Oshodi Transport Interchange on Lagos Mainland.
The Oshodi outlet is a purpose-built Digital Service Centre designed to offer customers an exciting banking experience.
Poised to have its customers experience banking with ease, LOTUS Bank launched with digital offerings, which enable customers to open accounts online on its website and transact via USSD banking. This is in addition to the issuance of free debit cards to account holders and zero
“With evolving digital solutions and a millennial generation coming into centre-stage, LOTUS Bank is bringing onboard innovative and comprehensive non-interest compliant financial solutions in investment banking, consumer banking, asset management, private banking, and wealth management,” the Managing Director, Mrs Kafilat Araoye said.
“At LOTUS Bank, we believe in fairness to all parties in every business transaction. This is a requirement for building a strong economy. Everyone can thrive where fairness prevails. Non-Interest Banking stands for equity and ethics in business, as well as growth for the real sector,” she added.
LOTUS Bank was founded and chaired by Mrs Hajara Adeola, who is also the Founder and Managing Director of Lotus Capital, pioneers of non-interest finance in Nigeria.
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