LOTUS Bank Expands Presence with New Locations

By September 9, 2021 NEWS

LOTUS Bank has announced the opening of three new locations in Lagos State in a bid to expand its footprint in the country after receiving a licence to operate as a commercial bank earlier in the year.

The bank said in a statement that the new branches at Idumagbon in Lagos Island, Allen Avenue in Ikeja and Oshodi Transport Interchange would complement its digital capabilities and enable the offering of better services to its customer base.

The Managing Director, Mrs Kafilat Araoye said, “With evolving digital solutions and a millennial generation coming into centre stage, LOTUS Bank is bringing on board innovative and comprehensive non-interest-compliant financial solutions in investment banking, consumer banking, asset management, private banking, and wealth management.

“At LOTUS Bank, we believe in fairness to all parties in every business transaction. This is a requirement for building any 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.

According to her, financial inclusion is also a strong motive for setting up LOTUS Bank.

“The concept of financial inclusion targeting the unbanked and underbanked population cannot remain just a concept but must be seen as an actual necessity for the nation’s economic growth,” Araoye added.

Read the original article on Punch.