Alert Group Eyes N180bn Loan Disbursement in 2026
Kayode Tokede
For obtaining a national license from the Central Bank of Nigeria (CBN), Alert Group has unveiled plans to expand its loan disbursement to N180 billion in 2026 financial year from N130 billion reported in 2025 financial year.
This was disclosed during an exclusive media chat held at the company’s headquarters in Lagos, where the Group Chief Executive Officer, Dr. Olarewaju Kazeem, alongside members of the senior leadership team, outlined the organisation’s performance, strategic direction, and impact across its business portfolio.
He stated that the group is targeting total assets of N250 billion by the end of 2026, a significant leap from its current position.
Speaking at the session, he expressed that the national licence by CBN, which required the company to increase its shareholders’ funds to over N5 billion, removes previous geographic limitations and positions the bank to expand its footprint nationwide.
He explained that the new status would enhance market penetration, enable the opening of new branches across the country, and allow the institution to serve a broader customer base, particularly micro, small, and medium enterprises.
Kazeem stated that the bank plans to establish at least 15 additional branches across the six geopolitical zones before the end of 2026, noting that the expansion would not only improve access to financial services but also stimulate economic activity and create employment opportunities in host communities.
He added that the national licence would also allow the bank to increase its loan capacity, enabling it to offer larger credit facilities to customers.
The group also used the forum to present its first quarter performance, which it described as strong across key financial indicators.
Kazeem revealed that total assets grew from N63 billion to N90 billion within the first three months of the year, while the gross loan portfolio increased from N50 billion to N64 billion.
Shareholders’ funds rose significantly from N3 billion to N7.7 billion, reflecting investor confidence in the business, while the branch network expanded from 20 to 24 locations.
He noted that despite the rapid growth, the company maintained a disciplined approach to risk management, with its Portfolio at Risk standing at 3.4 percent, one of the lowest in the industry. Profit for the first quarter stood at nearly N700 million, with expectations of improved performance in subsequent quarters.
Providing further insight into the platform, the Chief Technology Officer, Damilare Alabi, said the application was built with advanced security architecture and had undergone extensive testing to withstand high user activity and protect against cyber threats.
He added that the platform is backed by regulatory safeguards, giving users confidence in the safety of their investments.
The group said it is targeting at least 500,000 users across its digital platforms before the end of the year, with additional applications focused on payments and lending expected to be rolled out as part of its broader digital expansion.
Beyond its core banking operations, Alert Group highlighted growth across its subsidiaries, including Bucksfield Asset Management, which is approaching N20 billion in managed assets, and Green Bucks, which is expanding renewable energy solutions across several states.
