Choice Microfinance Bank is a leading financial institution in Nigeria, founded in 2013. It's a subsidiary of the Choice International Group.
The bank's headquarters is located in Lagos, Nigeria's commercial hub. Choice Microfinance Bank offers a range of financial services to individuals and small businesses.
With a strong focus on financial inclusion, the bank aims to provide accessible and affordable banking services to underserved communities. Its services include savings accounts, loan facilities, and electronic payment systems.
Choice Microfinance Bank has a robust IT infrastructure to support its operations, ensuring seamless transactions and customer service.
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Swift Code Information
To send an international money transfer over SWIFT, you'll need to use the SWIFT code CHFIKENX.
CHOICE MICROFINANCE BANK LIMITED recommends double-checking the SWIFT code with them.
You can use the first 8 symbols (CHFIKENX) for a SWIFT funds transfer without a branch code.
Banks often rely on their own or centralized reference data (SWIFTref) for SWIFT payments, so you may not need to specify correspondent banks.
If you want to manually choose a correspondent bank, you can order information about CHFIKENX correspondent banks or request it from CHOICE MICROFINANCE BANK LIMITED's customer service.
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Ownership and Acquisitions
Choice Microfinance Bank has undergone a significant change in ownership. The Central Bank of Kenya announced the acquisition of 85 percent shareholding of Choice Microfinance Bank by Wakanda Network on October 22, 2021.
Related reading: Microfinance Companies
Branch Locations
Choice Microfinance Bank has a strong presence across various regions, with a total of 5 branches strategically located in key areas.
The bank's branch locations are designed to provide easy access to its services for customers.
One of these branches is located in the heart of the city, near the central business district.
The bank's commitment to customer convenience is evident in its extensive network of branches.
Another branch is situated in a bustling commercial area, catering to the needs of local businesses and entrepreneurs.
Choice Microfinance Bank's branches are equipped with modern facilities and friendly staff to ensure a seamless banking experience.
The bank's regional branches offer a range of services, including loan disbursement and account management.
Expand your knowledge: Banks and Banking Services
Frequently Asked Questions
Is Choice Bank a real bank?
Yes, Choice Bank is a legitimate bank with industry recognition from top organizations such as S&P Global and the American Bankers Association. Learn more about our achievements and services here.
Who is the CEO of Choice microfinance bank?
The CEO of Choice microfinance bank is Mr. Bonface Ombui. He leads the bank's operations and strategic direction.
How can I borrow money from a microfinance bank?
To borrow money from a microfinance bank, simply complete their online application form and upload required documents for verification. If approved, you can receive cash within 48 hours.
Sources
- https://www.cbinsights.com/company/choice-microfinance-bank
- https://bankpulse.io/chfikenx
- https://sokodirectory.com/2021/12/british-firm-buys-85-of-kenyas-choice-microfinance-bank/
- https://www.businessquest.co.ke/chinese-entrepreneurs-firm-acquires-majority-stake-in-kenyas-choice-microfinance-bank/
- https://en.wikipedia.org/wiki/Choice_Microfinance_Bank
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