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The Alternative Bank has officially opened its new head office and branch in Marina, Lagos, a central hub for Nigeria’s financial activities. The bank is the ethical banking division of Sterling Financial Holdings.
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This move marks a significant milestone in the bank’s evolution from a non-interest banking window within Sterling Bank in 2014 to a fully licensed, independent financial entity in 2023.
Reshaping the landscape of ethical banking
The Alternative Bank has stamped its presence firmly in Lagos, Abuja, and Kano. It is now poised to reshape the landscape of ethical banking in Nigeria.
Garba Mohammed, Executive Director of The Alternative Bank, highlighted the institution’s commitment to creating sustainable wealth through innovative, customer-centric solutions.
“We are not just another bank; we partner with our customers to achieve financial goals in a way that aligns with our ethical values,” Mohammed stated.
The Alternative Bank’s rapid growth and success are attributed to its unique approach. This combines the energy of a newly established institution with the deep expertise of a seasoned player in the financial sector. Despite being only a year old as an independent entity, the bank has quickly positioned itself as a formidable contender in the industry.
Welcome to The Alternative Bank – Traditional is boring
“Welcome to The Alternative Bank – where we do things differently. Traditional is boring; we design solutions tailored to your individual needs,” the bank proclaims on its website.
At the core of its operations is the Advisory Committee of Experts (ACE), which ensures that all actions align with the principles of Non-Interest Banking (NIB).
As The Alternative Bank continues to expand, it invites customers to embrace a new era of banking—one that goes beyond the conventional and opens up a world of possibilities.
COVER PHOTO
From left: Fatai Tella, Chief Operating Officer, The Alternative Bank, Korede Demola-Adeniyi, Executive Director, South, The Alternative Bank; Muhtar Bakare, Chairman of the bank; Temi Dalley, Chief Human Resources Offucer, Sterling HoldCo; and Mrs. Abimbola Suleiman, Executive Director, ARM Pensions during the launch of The Alternative Bank Head Office Workspace and Marina branch in Lagos.
