…won an international award “Best emerging Islamic Retail Bank Award”
LOTUS Bank, a premium first-female led non-interest bank in Nigeria, under the astute leadership of Kafilat Araoye, has sustained its award-winning streak by Winning the LEADERSHIP “Bank of the Year” 2022
LEADERSHIP Newspaper, promoters of the awards, indicated that LOTUS Bank emerged winner of this highly competitive “ Best Bank of the Year” award category in recognition of “its drive and impact on improving financial inclusion in Nigeria and efforts at boosting non-oil export earnings of the country in its less than two years since it obtained a banking license. It has become the choice of many at the grassroots as it has focused on expanding Nigeria’s financial inclusion through the use of technology”.
Similarly, the bank won the “Best emerging Islamic Retail Bank Award” an international award only won based on the most academically rigorous analysis of global Islamic banking efficiency performance based on the efficiency model developed by the Cambridge IFA. This award underscores LOTUS Bank’s resolve to reach and serve the last man at the last mile with financial products and services to increase retail transactions for mutually beneficial economic prosperity.
The digital-first non-interest bank equally won the award of the “Best Digital Banking Platform (Non-Interest Bank) Category at the Nigeria FINTECH Award, 2022. The award recognized the non-interest digital platform that increases conversions, captures more customers, and drives digital revenues.
In a press statement issued by the bank, Kafilat Araoye, Managing Director, LOTUS Bank, said “These awards are an independent recognition of LOTUS Bank’s contributions to the growth of the financial sector and by extension the economy; an explicit validation of LOTUS Bank’s industry leadership through the deployment of innovative products and services powered by superior customer experience delivered in the most ethical and sustainable manner.
She said: “Our mission is to continue partnering with individuals, owners of micro small, and medium enterprises, large corporates, and communities to expand the frontiers of financial inclusion and economic development for sustainable wealth creation and the greater good”
LOTUS Bank was founded by Mrs. Hajara Adeola, a distinguished and seasoned banker with over 25 years of international experience in research & analysis, investment management, corporate finance, and Islamic finance.
