Brooks Microfinance Bank has been licensed by the Central Bank Of Nigeria (CBN) with registration number RC No 228655. The bank is heavily capitalised with the intention of the shareholders to raise the paid up capital base to One Billion Naira in the next two financial years.

The operational base of the bank is at 81, Nwaniba Road, Uyo ,Akwa Ibom State which is a strategic location with small and medium businesses in the environment.

The bank serves a target market of micro and small enterprises including petty traders, welding workshops, block molding industries, hair dressing salons of different sizes, mechanic workshops, wood processing outfits, farmers, carpenters, brick layers, cooperative members, civil servants and staff of other government and private establishments.

Brooks microfinance Bank Limited has a mission of delivering superior and effective micro finance and advisory services that promotes creativity, creates employment and empowers the poor and the under served in the banking industry.

A seven man Board of Directors will manage the banke. The Managing Director who will be assisted by the Head, Banking Operations and the Head credit/Marketing shall head the management team.

The bank has identified several risks that are peculiar to the practice of microfinance and has mapped out strategies of managing these risks. The strengths identified by the bank will go a long way in helping the bank attain operational and financial sustainability.

The bank presently has a shareholders funds of Twenty million naira only (N20,000,000) unimpaired by losses.
This will be increased to thirty million naira (N30, 000,000) within the next five years.

In collaboration with our correspondent banks, cooperative societies, development associations and civil society organizations (CSOs) operating within the regulatory frame work; the bank will deliver superior micro finance services and add value to stake holder investments.

The directors are of the opinion that subject to unforeseen circumstances and based on the assumptions stated herein’ the five year financial projections will be achieved and surpassed.

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