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HISTORY OF OUR BANK

 

The Millennium Microfinance Bank Limited (MMFB) was incorporated with the Corporate Affairs Commission as a limited company on 4th day of April, 2016 with registration number RC: 1327350.

The Registered Office is at 1B, Nnamdi Azikiwe Avenue, Awka, Anambra State.

The Central Bank of Nigeria granted The MMFB an operating License as a State Microfinance Bank on 19th September, 2016.

The MMFB was officially declared open by the Diocesan – Rt. Revd. Alexander Chibuzo Ibezim (PhD), The Bishop of Awka Diocese, Anglican Communion, on Monday, the 24th October, 2016.  Full banking operations started on 3rd January, 2017.

Ownership

The MMFB is majorly owned by Diocese of Awka, Anglican Communion and other individuals. View list of the Board of Directors for the Bank.

Core Banking Software
The MMFB as a State Microfinance Bank is poised towards deploying the best banking services to its various customers.  To achieve this, the MMFB did not stop at acquiring the most modern infrastructures but has also deployed one of the most flexible and efficient core banking  softwares – The BankOne.  This core banking software not only performs all the backend functions of the bank but also supports a robust external functionalities, which enables it provide all the electronic self services across different platforms.  These include:  ATM services, Fund Transfers to all banks in Nigeria, Bills settlement, Mobile Banking, Third party cheque clearing, Batch Salary payment, Electronic Purse, E-top up of Airtime, Online, real-time account balance and Electronic Statement of account.

Our Banking Software is designed to deliver distributed and centralized solutions with simplicity of operation, ease of maintenance, combined with the capacity and flexibility to satisfy the Bank and customer requirement example,

  • Security of information back-up and recovery
  • Fault tolerance and robustness
  • End period processing
  • Version control and upgrade strategy
  • Maintenance support services

  • The basic functionalities will support
  • Font office/ Teller operations
  • Loan Process
  • Deposit/savings management
  • Customer information management
  • Management Accounting and regulatory reporting- including Performance rating indicator, CBN prudential return.
  • Portfolio Tracking
  • Enhancement to support growth
  • Multiple cash centres
  • Speed and on-line real time

The software  also support ease of use, user friendliness and a good user interface

     
    Visit us at The Millennium Microfinance Bank and see the beauty of banking at its best.
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