Retrust MFB Sets New Benchmark, Grows Balance Sheet Organically To N8.9 Billion In Less Than Six Months

Mary Nnah

Retrust Microfinance Bank is making waves in Nigeria’s banking sector, defying conventional startup trends by building a ₦8.9 billion balance sheet organically within just six months of launching operations.

At a time when most new entrants chase capital inflows and high-risk expansions, Retrust is proving that sustainable growth is still possible, without cutting corners. Founded with a people-first mandate, Retrust MFB entered the market quietly but with strategic intent to offer smart, accessible, and trust-driven banking solutions for everyday Nigerians.

What followed has been a steady, mission-aligned rise that’s now placing the bank among the fastest growing microfinance institutions in the country.

This milestone wasn’t fueled by venture capital or large investor injections. Instead, the bank leaned into grassroots engagement, customer-centric product design, deposit-led growth, and robust internal governance.

Alhaji Tajudeen Olawale Olatinwo, Chairman of the Board and a retired Senior Bank Examiner with the Central Bank of Nigeria, highlighted the deeper philosophy behind the achievement.

“From inception, we anchored this institution on trust, discipline, and long-term relevance. What we’re seeing today is the fruit of a unified vision, executed with consistency and clarity. We didn’t build for headlines, we built for legacy.”

Retrust’s growing influence is further enhanced by its expanding network of partners and agents, ensuring last-mile access to financial services in underserved communities.

Dr. Oluwatosin Olatujoye, a member of the board, emphasized the broader significance of the growth:

“This isn’t just about numbers. It’s about building confidence in inclusive banking. We’ve shown that when institutions prioritize integrity and innovation, real change follows.”

The bank’s portfolio of inclusive products continues to gain traction, including NORA Target Savings for structured financial planning, Nano Loans for instant credit access, SME Loans for small business empowerment, EduAssure Loans for school fee financing, POS & Agency Banking to drive community-level access, and the Retrust Mobile App and Debit Cards that provide 24/7 digital banking convenience.

Mr. Babatunde Oladimeji, Managing Director of Retrust MFB, reflected on the journey so far:

“This achievement validates our belief that value can be built authentically, from the ground up. Our focus remains on smart banking, customer trust, and long-term prosperity for the communities we serve.”

As financial inclusion becomes more central to Nigeria’s development conversation, Retrust MFB is emerging as a bold example of what’s possible when strategy, service, and social impact align.

The bank’s first six months offer more than just proof of concept; they point to a future where inclusive, grassroots-driven finance is not only viable but essential.

With clear direction, growing customer trust, and a tested model, Retrust Microfinance Bank is setting a new standard for responsible growth and redefining the narrative around microfinance success in Nigeria.