The bank was incorporated as a limited liability company in 5th January 1994
with registration number: RC: 235676 and commenced Community Banking
operation in the same year. The bank received the final (CBN) Central
Bank of Nigeria approval to carry on all aspects of Community Banking business on 25th May 2004.
Oke-Bola Community Bank Nigeria Limited, now known as Crest Microfinance Bank Nigeria Ltd, is a unit branch banking system, that
operates in a 40 years leased corporate office situated at Mobolaji
House 43, Obafemi Awolowo Way, Opposite Rational building, Oke-Bola
share capital of the bank on incorporation was N1,000,000:00 and
subsequently increased to N5,000,000:00 through the creation of
additional 4,000,000 ordinary share in 2002. After securing the Central Bank of Nigeria
approval to become a Microfinance Bank with an authorized share
capital of N25,000,000:00, in March, 2009 the bank increased her
authorised share capital to N100,000,000:00. The bank shareholder’s fund
is over N30,000,000.
bank has branches in Okeho and Iganna in Kajola and Iwajowa Local
Government area and a cash centre at Ido town in Ido Local Government
Council. There were several clients' meeting centres to facilitate
business discussion with credit clients.
Our Aims and Objectives
- To create economic empowerment opportunities for the poor;
- To create avenue for employment generation by the economically empowered active poor;
- To reduce poverty and economic dependence;
- To further inculcate the banking culture among the active poor.
Vision: To be the market leader in Microfinance banking.
Mission: To serve as engine room for the empowerment of the poorest of the poor in becoming self-sustained and employer of labour.