Lotus Bank

LOTUS Bank Limited
TypePrivate company
IndustryBanking
Founded2021 (2021)
HeadquartersLagos, Nigeria
Number of locations
53 branches (2024)
Key people
  • Hajara Adeola (chairman),
  • Dr. Isiaka Ajani-Lawal (managing director and chief executive officer)
Products
  • Savings account (Mudaraba)
  • Current account (Qard)
  • Term Deposit account
  • Sales Products
  • Leasing Products
  • Partnership Products (financing)
Number of employees
300 - 500
Websitelotusbank.com

LOTUS Bank is a non-interest and ethical bank in Nigeria. It is the third non-interest bank established in Nigeria and the first that started operations from the southern part of the country headquartered in Lagos.

History

The institution was founded in 2021, as Lotus Bank Limited. On 17 June 2021, Lotus Bank limited received a license from the Central Bank of Nigeria, the national banking regulator, to operate as a non-interest bank. On 7 July 2021, the institution commenced operations in 3 branches in Lagos.

See also

References

  1. ↑ "Our team". lotusbank.com. Retrieved 29 March 2024.
  2. ↑ "Dr. Isiaka Ajani-Lawal, MD LOTUS Bank". BusinessDay. Lagos, Nigeria. Retrieved 29 March 2024.
  3. ↑ Reporters, Our (10 July 2023). "Lotus Bank pledges support for businesses". The Punch. Retrieved 28 March 2024.
  4. ↑ "LOTUS bank commences operations in new locations". The Guardian. Lagos, Nigeria. 6 September 2021. Retrieved 28 March 2024.
  5. ↑ Idowu, Bukola (21 December 2022). "Lotus Bank: A Dedication To Economic Growth And Ethical Prosperity". Leadership. Retrieved 28 March 2024.
  6. ↑ Komolafe, Babajide. "CBN grants Lotus Bank license for non-interest banking". Vanguard. Lagos, Nigeria. Retrieved 28 March 2024.
  7. ↑ Moses-Ashike, Hope (17 June 2021). "CBN grants Lotus Bank license for Non-Interest banking operations". BusinessDay. Lagos, Nigeria. Retrieved 28 March 2024.
  8. ↑ "LOTUS Bank opens 3 branches in Lagos". Daily Trust. 6 September 2021. Retrieved 28 March 2024.
  9. ↑ "LOTUS Bank Commences Operations in Three New Locations - THISDAYLIVE". This Day. Retrieved 28 March 2024.
  10. ↑ Idowu, Bukola (22 December 2022). "Lotus Bank Relocates Head Office To Ikoyi". Leadership. Retrieved 28 March 2024.