The reports quoted IFC as saying the agreement would allow the bank to access fund to build its businesses, promote financial inclusion and job creation as well as grow the Nigerian economy.
"Supporting AB Microfinance Bank is consistent with IFC's core strategy to improve financial inclusion and contribute to economic growth. IFC's investment will provide funding in naira to make local currency more readily available from AB Microfinance to entrepreneurs," IFC Country Manager for
The Chief Executive Officer of the
-0- PANA SB/SEG 20Feb2014
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