By Ed Malik, A | ed@ddnewsonline.com | posted 3rd March, 2025
During the year 2024, a new commercial bank, aptly named Alpha Morgan Bank quietly birthed in Nigeria, with its operational corporate head office in Ademola Adetokunbo Crescent, Wuse II, Abuja.
The bank has expressed enthusiasm about offering customers a rewarding banking experience, marking “a new era of excellence in banking.”
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Prior to its establishment as a commercial bank, Alpha Morgan operated as an investment banking institution under the name Alpha Morgan Capital. The firm was recognized for its rapid growth, ranking 16th out of 125 companies in Africa and achieving a compound annual growth rate (CAGR) of 122.05%. It also ranked 4th in the financial sector in Africa and 5th in Nigeria.
The company offered various financial products, including a Balanced Fund and a Dollar Fund, to strengthen its market position.
The transition from Alpha Morgan Capital to Alpha Morgan Bank signifies the firm’s expansion into commercial banking, aiming to provide innovative and customer-focused financial services to its clientele.
“Innovation drives our approach to banking. In an ever-evolving world, we understand the importance of staying ahead of the curve, which is why we are committed to continuously developing financial solutions that meet the dynamic needs of our customers.”
“At Alpha Morgan Bank, we deliver on our promise to uphold the highest standards of transparency and accountability. Our commitment to excellence and satisfaction is not just a promise; it is a responsibility we carry with pride, ensuring that every customer trusts us as their financial partner.”
“As we embark on this remarkable journey, we invite our esteemed friends, family, and valued partners to open your accounts with Alpha Morgan Bank and experience a world of innovative, seamless, and satisfying financial services.”
“Together, let’s redefine banking with trust, efficiency, and unmatched customer experience. The future of banking starts now—with you!”
The Key Promoters of Alpha Morgan Bank are NEM Insurance Plc and Alpha Morgan Capital.
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The bank was founded in 2024, with a customer-centric, innovative, and solutions-driven approach to commercial banking that emphasizes committed to delivering exceptional value and satisfaction, leveraging digital solutions.
The board and management of the new bank has a manpower base of professionals with robust experiences in business and banking. The chairman is Mr. Tope Smart, while the Managing Director/CEO is Mr. Ade Buraimo, a seasoned banker.
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