NPF Microfinance Bank Plc (Formerly NPF Community Bank Ltd) was incorporated on 19th May, 1993 as a Limited Liability Company under the provision of the Companies and Allied Matters Act cap C20 LFN 2004.The bank provides banking services to both serving and retired Officers and men of Nigeria Police Force, its ancillary institutions and the general banking public.
The bank commenced business on 20th August, 1993 at 1 Ikoyi Road Obalende, Lagos having obtained a provisional license to operate as a Community Bank on 12th July 1993 from Central Bank of Nigeria.
The bank obtained its full license to operate as a Community Bank on 24th January, 2002. On 31st December, 2007 the bank converted from its Community Bank status to a Microfinance Bank following Central Bank of Nigeria directive to all Community Banks. The approval granted to the bank was a unique one as it allows the bank to open branches in all the states.
The authorized capital of the bank at inception was N500,000.00 made up of 500,000 ordinary shares of N1.00 each and this has over the years increased to its current level of N2,000,000,000.00 made up of 4,000,000,000.00 ordinary shares of 50k each of which 2,286,637,766 ordinary shares of 50k each are issued and fully paid up. These shares were listed on the floor of Nigeria Stock Exchange on 1st December 2010.The balance sheet size of the bank is over N8.6billion as at 31st December, 2013.
NPF Microfinance Bank has its Head Office located at Aliyu Atta House, 1 Ikoyi Road, Obalende and other branch offices in Obalende, Ikeja, Abuja Main, Port Harcourt, Kano, Osogbo, Benin, Sokoto, Onitsha, Akure, Lokoja Yola, Abuja 2, Bauchi and Wudil(Kano), Lafia, Enugu, Kaduna, Oji River, Tejuosho, Ikorodu, Ibadan, Abeokuta, Asaba, Port Harcourt2, Aswani, Calabar Akwa (Onitsha2) and Aba. The bank has intention to open additional three offices organically in all the Police commands in the federation.
Over the years, NPF Microfinance Bank Plc has continued to live up to its dream of becoming the bank of first consideration for all Police businesses and selected other businesses, through its continued improvement in personalized service delivery and most importantly employing committed and trustworthy personnel to deliver excellent financial results comparable to none in the industry.
At NPF Microfinance Bank Plc, strong capital base, development of superior asset quality, professionalism and corporate governance are abiding principles. The bank’s customer-specific approach to customer services consistently reinforces its value creation processes towards assisting customers in their goals.