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Corporate Information
 

Corporate Information
HASAL Microfinance Bank Limited was incorporated in 2003 as RIL-GWARI Community Bank Limited but commenced business as a fully licensed microfinance bank on October 2, 2008 with a shareholders fund in excess of N300 million.
The Bank is wholly owned by private citizens from diverse professional and ethnic divides of Nigeria. The Bank received final operating license from the Central Bank of Nigeria on September 4, 2008 and commenced operations in Abuja on October 2, 2008.
Hasal MFB has a five-man Board of Directors made up of seasoned professionals in banking, corporate finance, oil & gas, capital market and commerce. The Board is chaired by Professor Ndi Okereke-Onyiuke, while Mr. Rogers Augustine Nwoke leads the Management team as the Chief Executive Officer. The HASAL Group is an assemblage of young energetic and intelligent professionals to provide services in microfinance, asset management, bureau de change services, capital market and corporate finance consultancy. At HASAL Microfinance Bank, our focus is to provide creative solutions to the business problems of people at the bottom of the pyramid who though economically active, have no access to financial services.

Corporate Objective
• To rank amongst top Microfinance Services Group in Nigeria
• To be the best in the Poverty Alleviation Support Scheme of people at the bottom of the pyramid of the economy.
• To be the reference point for microfinance service delivery in Nigeria and all other emerging nation’s of the world
• To be a reference point in corporate governance for businesses in Nigeria.
• To be the leading Project & Structural Microfinance Bank in the State.

Correspondent Banks
HASAL Microfinance Bank Limited presently maintains correspondent banking relationship with the following commercial banks; Access Bank, Fidelity Bank, Diamond Bank, Eco Bank and First Bank of Nigeria. Customers have the freedom to deposit and withdraw from any of these correspondent banks they may choose. All Hasal cheques are cleared through these banks. Also all transactions required from commercial banks are routed through the networks of these correspondent banks.

Affiliated Companies
Apart from HASAL Microfinance Bank Limited, the HASAL group also offers a wide range of specialized financial services through other subsidiaries which include:
HASAL Bureau De Change …for efficient foreign exchange transactions
Capital Structures Limited …Asset Management and Capital Market Consultancy
HASAL Capital Ltd …Corporate Finance and Project Management
HASAL Institute for Microfinance Studies [HIMS]

 
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