Alpha Morgan Bank Limited has relocated its head office from Abuja to Lagos as the financial institution seeks to strengthen its presence and expand its operations nationwide.
The bank announced that its new head office is located at 52 Adetokunbo Ademola Street, Victoria Island, Lagos, having moved from 44 Adetokunbo Ademola Crescent, Wuse II, Abuja.
The relocation follows what the bank described as significant progress since the start of its operations, including the expansion of its branch network across several cities.
According to the bank, it recorded a profit before tax of ₦1.9 billion within its first 10 months of operations and exceeded its capitalisation threshold, reflecting its early financial performance.
Beyond its business growth, Alpha Morgan Bank said it has continued to invest in its workforce through inclusive recruitment, support communities through corporate social responsibility initiatives and promote economic discussions through its quarterly Alpha Morgan Economic Review webinar, featuring economist Bismarck Rewane.
Commenting on the relocation, the Managing Director and Chief Executive Officer, Ade Buraimo, described the move as an important milestone in the bank’s development.
He said the relocation reflected the dedication of its workforce, the confidence of its customers and its ambition to build an accessible and sustainable financial institution.
Buraimo also expressed appreciation to the Central Bank of Nigeria for its continued support, while acknowledging the contributions of the bank’s board, management and staff.
The bank said it would continue to expand its nationwide presence, strengthen relationships with customers and create lasting value for the communities it serves.
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