Empire Trust Microfinance Bank, ETMB says it has partnered with Stanbic IBTC Bank to quicken service delivery to customers in all its branches nationwide.
Managing Director of ETMB, Mr Seun Durojaiye, who made the disclosure to the News Agency of Nigeria, NAN in Lagos said the partnership would enable ETMB customers to deposit or withdraw funds from Stanbic IBTC Bank in any part of the country.
He said the aim was to quicken service delivery to its customers and ignite their passion in micro-banking system.
According to him, inaccessibility to timely financial services sometimes weakens the passion of a customer in banking services.
Durojaiye said that the innovation was the product of over seven years of study by the ETMB team.
He said: “ETMB wants to change the entire microfinance industry by embarking on mass marketing strategy by providing access to finance for our customers with ease. We are in partnership with Stanbic IBTC Bank for now in the area of correspondent banking.
“The agreement is that every customer of our bank can withdraw money from their account from Stanbic IBTC Bank.
“They can as well put money in their account in any of the 300 branches of the bank”, the managing director explained.
According to Durojaiye, every customer of the bank has a MasterCard with which he or she can transact banking business either within or outside the country.
“This is a major innovation because people believe that once you put your money in a microfinance bank, you should forget about it since it has only one or two branches.
“This does not apply to us, especially for those who go to other states to conduct their businesses and may not want to carry cash with them,’’ he said.

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