Lotus Bank

Last updated
LOTUS Bank Limited
Company typePrivate company
Industry Banking
Founded2021 (2021)
Headquarters Lagos, Nigeria
Number of locations
53 branches (2024)
Key people
Products
  • Savings account (Mudaraba)
  • Current account (Qard)
  • Term Deposit account
  • Sales Products
  • Leasing Products
  • Partnership Products (financing)
Number of employees
300 - 500
Website lotusbank.com

LOTUS Bank is a non-interest and ethical bank in Nigeria. [3] It is the third non-interest bank established in Nigeria [4] and the first that started operations from the southern part of the country headquartered in Lagos. [5]

Contents

History

The institution was founded in 2021, as Lotus Bank Limited. [6] 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. [7] On 7 July 2021, the institution commenced operations in 3 branches in Lagos. [8] [9] [10]

See also

References

  1. ↑ "Our team". lotusbank.com. Retrieved 2024-03-29.
  2. ↑ "Dr. Isiaka Ajani-Lawal, MD LOTUS Bank". Businessday NG. Retrieved 2024-03-29.
  3. ↑ Reporters, Our (2023-07-10). "Lotus Bank pledges support for businesses". Punch Newspapers. Retrieved 2024-03-28.
  4. ↑ "LOTUS bank commences operations in new locations". The Guardian Nigeria News - Nigeria and World News. 2021-09-06. Retrieved 2024-03-28.
  5. ↑ Idowu, Bukola (2022-12-21). "Lotus Bank: A Dedication To Economic Growth And Ethical Prosperity" . Retrieved 2024-03-28.
  6. ↑ Komolafe, Babajide. "CBN grants Lotus Bank license for non-interest banking". Vanguard. Retrieved 2024-03-28.
  7. ↑ Moses-Ashike, Hope (2021-06-17). "CBN grants Lotus Bank license for Non-Interest banking operations". Businessday NG. Retrieved 2024-03-28.
  8. ↑ "LOTUS Bank opens 3 branches in Lagos - Daily Trust". dailytrust.com/. 2021-09-06. Retrieved 2024-03-28.
  9. ↑ "LOTUS Bank Commences Operations in Three New Locations - THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-03-28.
  10. ↑ Idowu, Bukola (2022-12-22). "Lotus Bank Relocates Head Office To Ikoyi" . Retrieved 2024-03-28.


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