INFINITY MFB EXPANDS LOAN PORTFOLIO BY 58%

Infinity Microfinance Bank Limited (Infinity MfB) has recorded impressive growth, expanding its loan portfolio by 58% in the latest reporting period, reinforcing its position as a key player in Nigeria’s microfinance sector.

The expansion underscores the bank’s strong focus on financial inclusion, particularly for Micro, Small, and Medium Enterprises (MSMEs), traders, and low-income individuals across Lagos State. This significant increase in lending activities reflects robust demand for accessible credit amid ongoing economic challenges.

According to management, the growth was driven by strategic initiatives including digital lending solutions, expanded branch networks, and targeted products such as micro-loans, leasing, and hire-purchase facilities. The bank continues to leverage technology to improve loan disbursement speed and risk assessment while maintaining sound asset quality.

This performance comes on the heels of Infinity MfB’s solid capitalisation and stable ratings from agencies like Agusto & Co., which affirmed its BBB rating with a stable outlook. The bank’s prudent risk management has helped contain non-performing loans despite a high loan-to-deposit ratio.

Analysts commend Infinity MfB’s contribution to grassroots entrepreneurship. As it scales operations, the bank is expected to deepen its impact on financial inclusion while pursuing further innovation in mobile and agency banking services.

With over 150,000 customers and a growing workforce, Infinity MfB remains committed to sustainable growth and supporting Nigeria’s MSME ecosystem.