Emir of Zazzau Commends The Alternative Bank's Non-Interest Approach for Economic Growth

Emir of Zazzau Commends The Alternative Bank's Non-Interest Approach for Economic Growth

RALD NEWS MEDIA Reports: Emir of Zazzau Commends The Alternative Bank's Non-Interest Approach for Economic Growth

Zaria, Kaduna State - Emir Ahmed Nuhu Bamali of Zazzau, Kaduna, lauded The Alternative Bank (TAB) during the inauguration of its inaugural branch in Zaria, emphasizing the institution's role in fostering economic growth through sustainable practices and responsible financial decisions.

In his keynote address themed 'Non-Interest Banking: Opportunities and Benefits for the Nigerian Economy,' the traditional ruler highlighted the manifold advantages of TAB, including economic inclusivity, risk-sharing, and commitment to principles of equality and cooperation.

Ambassador Bamali expressed optimism about TAB's potential contributions to GDP growth and support for MSMEs, urging the bank to establish a strong connection with the people of Zazzau Emirate.

Umar Umar, Regional Head of North-Central Sales, Products, and Propositions, emphasized TAB's rapid emergence as a leading non-interest banking entity in Nigeria, commencing with a modest portfolio and now boasting over N50 billion in capital.

Acknowledging the enduring partnership with Zaria's community, Umar expressed confidence in catalyzing the bank's business and benefiting customers in the region through the new branch. Describing Zaria's diverse customer base as "Musharrata," he underscored TAB's global reach as a fully digital bank, serving customers across Nigeria and beyond through digital channels.

Reflecting on TAB's decade-long journey from a window in Sterling Bank Limited to a standalone non-interest bank, Umar highlighted the institution's growth from an initial capital of N500 million to over N50 billion, showcasing unique products in the non-banking sector.

As the ethical banking subsidiary of Sterling Financial Services Holdings Company Plc (Sterling Holdco), TAB aims to make a lasting impact in the North-Central region, encompassing Benue, Kogi, Kwara, Nasarawa, Niger, Plateau, and the Federal Capital Territory, with the opening of its Zaria branch.