The Millennium Microfinance Bank Limited (MMFB) was incorporated with the Corporate Affairs Commission as a limited company on 4th day of April, 2016 with registration number RC: 1327350.
The Registered Office is at 1B, Nnamdi Azikiwe Avenue, Awka, Anambra State.
The Central Bank of Nigeria granted The MMFB an operating License as a State Microfinance Bank on 19th September, 2016.
The MMFB was officially declared open by the Diocesan – Rt. Revd. Alexander Chibuzo Ibezim (PhD), The Bishop of Awka Diocese, Anglican Communion, on Monday, the 24th October, 2016. Full banking operations started on 3rd January, 2017.
The MMFB is majorly owned by Diocese of Awka, Anglican Communion and other individuals. View list of the Board of Directors for the Bank.
Core Banking Software
The MMFB as a State Microfinance Bank is poised towards deploying the best banking services to its various customers. To achieve this, the MMFB did not stop at acquiring the most modern infrastructures but has also deployed one of the most flexible and efficient core banking softwares – The BankOne. This core banking software not only performs all the backend functions of the bank but also supports a robust external functionalities, which enables it provide all the electronic self services across different platforms. These include: ATM services, Fund Transfers to all banks in Nigeria, Bills settlement, Mobile Banking, Third party cheque clearing, Batch Salary payment, Electronic Purse, E-top up of Airtime, Online, real-time account balance and Electronic Statement of account.
Our Banking Software is designed to deliver distributed and centralized solutions with simplicity of operation, ease of maintenance, combined with the capacity and flexibility to satisfy the Bank and customer requirement example,
Security of information back-up and recovery
Fault tolerance and robustness
End period processing
Version control and upgrade strategy
Maintenance support services
The basic functionalities will support
Font office/ Teller operations
Customer information management
Management Accounting and regulatory reporting- including Performance rating indicator, CBN prudential return.
Enhancement to support growth
Multiple cash centres
Speed and on-line real time