Posted on February 27, 2009 - by Gavin

Eds microfinance bank opens shop…

Vanguard Online

A new microfinance bank has opened its doors to the banking public. The bank  Enterprise Development Services Microfinance Bank Limited (EDS) came on stream recently. Chief Operating Officer of the bank, Mr. Andrew Agbaga, at a  briefing on the visions and operations of the bank,  remarked that the value, discipline of the bank was to ensure that it leads in lower price offering,  products and services.

Supporting the CBN Governor, Professor Chukwuma Soludo’s recent  statement on the  set up of  banks to combat poverty as a collective duty, Agbaga emphasised that the need for the launch of the microfinance policy followed the realisation that the poor had no access to credit facilities, therefore, the core objective is to empower the customers. “Our customers will be our business partners and not just customers,” he stressed.

He added that: ‘’Faced with the challenge of making our economy work with  the global  meltdown, we have developed a system that will ensure that all our customers regardless of the amount you have in the account, you will be treated as a king or queen, as it may be.’
‘
EDS was incorporated last June 25 with a crop of seasoned financial experts of over 20 years experience in banking, insurance and other financial services who are desirous of making the firm the one customer-stop financial institution, according to Agbaga.

Source: http://www.vanguardngr.com/content/view/29741/49/