Company Information

Get to know BOWMAN MFB

Bowman Microfinance Bank Limited was incorporated in 2014 and is licensed by the Central Bank of Nigeria (CBN) to operate as a state microfinance bank. The bank's mission is to empower the economically active poor and low-income households by providing them with access to savings, credit, and other essential financial services. It focuses on fostering financial inclusion and supporting the growth of micro, small, and medium-sized enterprises (MSMEs) through a range of products including savings accounts, current accounts, and various loan facilities.

Industry

Financial BankingPRIMARY
Financial Other Service

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BOWMAN MFB

Nigeria

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.