NPF Microfinance Bank PLC said its net profit for the third quarter of the year rose to NGN687 million. The result showed that the bank grew profitability rose by 37.6%.
After taking some serious cuts to its headcount, the result showed that NPF Microfinance recorded a net interest income of NGN1,4 billion compared to NGN1,7 billion recorded last year December.
NPF Microfinance is owned by the Nigerian Police Co-operative Society Limited with with 64.75% of the total shareholding and the NPF Welfare Insurance Scheme with 10.25 shareholding in the bank. The bank’s major customers are police men and women as well as the general public.
NPF Microfinance Bank Plc (“the Bank”) is a public limited liability company domiciled in Nigeria. The Bank’s registered office is at Aliyu Atta House, 1 Ikoyi Road, Obalende, Lagos.
The Bank is engaged in the provision of banking services to members of the police community, to poor and low income households and micro-enterprises of the public at large. Such services include retail banking, granting of loans, advances and allied services.
The Bank currently operates from its registered office and has eighteen (18) branches located at Obalende, Ikeja, Garki-Abuja, WuseAbuja, Port-Harcourt, Kano, Osogbo, Benin, Akure, Onitsha, Sokoto, Lokoja, Lafia, Bauchi, Yola, Enugu, Kaduna, Oji River.