CBN affirms Alpha Morgan Bank capitalisation, enhancing its ability to expand services, innovate, and deliver sustainable banking nationwide

The Central Bank of Nigeria (CBN) has affirmed the capitalisation of Alpha Morgan Bank, marking a key milestone in the institution’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution.

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The affirmation reflects Alpha Morgan Bank’s compliance with regulatory requirements and its strategic focus on strengthening its capital base to support sustainable growth, innovation, and improved service delivery to customers.

With this milestone, the bank is positioned to expand its operations further, leveraging its 14 approved branches across multiple states while enhancing financial inclusivity and broadening its banking solutions for individuals, businesses, and institutional clients nationwide.

Commenting on the development, the Managing Director, Mr Ade Buraimo, emphasised the bank’s dedication to regulatory compliance, corporate governance, and delivering satisfying banking experiences.

“Capitalisation is more than a regulatory requirement; it is an opportunity to strengthen the institution for the future.

The affirmation of Alpha Morgan Bank capitalisation reflects the work we have done to build a solid capital foundation that allows us to support businesses more effectively, expand financial access and continue delivering the level of service our customers expect,” he said.

Alpha Morgan Bank remains committed to maintaining strong corporate governance standards, prudent risk management practices, and sound financial management as it continues to support economic growth and create long-term value for stakeholders.

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As the bank enters the next phase of its journey, it plans to scale operations, invest in technology, expand its branch network and digital banking presence, while continuing to deliver reliable and satisfying banking experiences to a growing customer base.