LAPO Microfinance Bank said it disbursed N92.4 billion to its customers in the 2014 fiscal year, which is an increase of 48 percent against its 2013 performance, while it netted N2.8 billion profit after tax, PAT. The bank also said its customer base increased  to 1.4 million from N1.03 million in 2013.

The Chairman,  board of Directors, Dr. Osarenren  Emokpae, stated that the 2014 financial report is impressive not only in terms of the N92.4 billion disbursed, which represents 48 percent increase in the 2013 disbursement, but  also the number of lives “we were able to reach  with our services which is over 1.4 million clients, as much as we want to be financially viable, we also importantly want to reach more people.”

Speaking  also, Managing Director of LAPO, Godwin Ehigiamusoe  pointed out that the bank will continue to  consolidate on its accomplishments, as well as sustain the commitment to build an excellent institution, through the development of appropriate information technology architecture, sound corporate governance and risk management processes.

LAPO is focused on becoming the first choice financial institution by improving the lives of Nigerians through business friendly and sustainable financial services.