In an era where financial institutions often chase growth through aggressive funding rounds and high-risk strategies, Retrust Microfinance Bank is charting a different course, one rooted in trust, transparency, and long-term value. In just under six months of operations, the emerging microfinance startup has organically grown its balance sheet to a remarkable ₦8.9 billion (approximately $5.7 million), placing it among the fastest-growing early-stage financial institutions in Nigeria’s competitive banking landscape.
This achievement is especially significant given Nigeria’s complex regulatory terrain and the uphill challenge many fintech and MFB startups face in balancing innovation with credibility. While legacy institutions continue to dominate headlines, Retrust is building quiet momentum, powered not by capital injections but by intentional banking practices that prioritise people, technology, and impact.
Unlike many newcomers to the microfinance space, Retrust did not rely on large-scale funding to scale. Instead, it focused on organic growth strategies that reflect its core mission: to make banking more human, more accessible, and more transformative. The bank’s growing success is anchored in responsible lending, grassroots engagement, strong governance, and a deep understanding of underserved markets.
The Chairman of the Board, Retrust Microfinance Bank, Ahaji. Tajudeen Olawale Olatinwo, a Retired Senior Bank Examiner with the Central Bank of Nigeria, emphasised the strategic vision guiding the bank’s growth. He stated, “From day one, we made a deliberate decision to build Retrust on the foundation of trust, discipline, and innovation. This result is not accidental; it is a product of clarity, consistency, and collective commitment. Our board remains focused on long-term impact, and this milestone reminds us that when institutions are built right, they don’t just grow, they thrive and transform lives.”
Dr. Oluwatosin Olatujoye, a member of the Board of Directors, explained:
“What we’ve done is prove that sustainable growth doesn’t require shortcuts. Our ₦8.9 billion balance sheet is built on five key pillars: customer deposit mobilisation, a high-performing loan portfolio, prudent risk management, strategic grassroots engagement, and intentional partner onboarding.”
This approach has positioned Retrust as a trusted ally for individuals, SMEs, and communities often left behind by traditional banks. It is not just about expanding financial access; it’s about restoring confidence in what banking can be.
Mr. Babatunde Oladimeji, Managing Director of Retrust Microfinance Bank, added:
“This milestone affirms that with the right mix of trust, vision, and shared value, meaningful financial inclusion is achievable. We haven’t just built products—we’ve built a banking culture centered on service, dignity, and real-life progress.”
At the heart of Retrust MFB’s rapid adoption is its intentionally designed suite of financial products, each one tailored to address critical needs within underserved populations: NORA Target Savings – structured, goal-based saving plans with competitive interest, Nano Loans – instant, paperless microloans for urgent needs, SME Loans – flexible working capital and growth support for small and medium businesses, EduAssure Loans – school fees financing to ensure uninterrupted education, POS and Agency Banking – extending financial access into underserved and remote communities, Retrust Mobile App and Debit Cards – seamless, mobile-first banking experience with 24/7 access.
By placing underserved demographics at the center of its mission and empowering young entrepreneurs, families, and community leaders with tools for wealth creation, the bank is actively redesigning the blueprint for inclusive finance in Africa.
