LivingTrust Mortgage Bank Plc has received the Development Bank of Nigeria (DBN) Innovation Award in the Other Financial Institution category for the 2024 financial year.
The award comes after what the bank described as an “exceptional track record” in its performance throughout 2024, despite challenging economic conditions in the Nigerian financial sector.
The Development Bank of Nigeria, a financial institution owned by several global development partners including the World Bank, European Investment Bank, French Development Agency, African Development Bank, and the Federal Government of Nigeria through the Ministry of Finance, presents these awards annually to recognise financial institutions operating in Nigeria.
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The recognition acknowledges LivingTrust Mortgage Bank’s activities in providing financing solutions for micro, small and medium enterprises (MSMEs) in Nigeria.
The bank has claimed that the award recognises its “strong capabilities as a financial institution” during what it termed “the toughest economic conditions and the most intense competition” in the financial year.
The award is intended to highlight financial institutions that have contributed to the growth of Nigeria’s MSME sector through innovative practices.
LivingTrust Mortgage Bank’s representatives have stated that the recognition aligns with their strategic focus on entrepreneurship development and economic growth initiatives.
