History

Welcome to Highland Microfinance Bank.

Strategically located in the heart of Bukuru town in Jos-South Local Government Area, Highland Microfinance Bank Plc boast of huge market potentials as it is hosted by a viable market that has so many small scale enterprises and businesses not to mention contractors and other business men who approach us for financing.

Highland MFB Plc has employed the use of state-of-the-art ICT that drives its operations, offering digital and non-digital products, Interbank transfers and ATM, mobile app and POS to mention a few.

History of Highland Microfinance Bank

Highland Microfinance Bank Plc Bukuru transmitted from the former Bukuru Community Bank Nig. Ltd. It was established in1993 by Berom Youth Movement (BYM) to provide financial services to the low income earners of the grass roots and the poor who could not access banking services. of the community bank in the locality the bank started operations fully in1994.

In December 2007 in line with the central Bank of Nigeria (CBN) directives that all community banks convert to microfinance banks, Bukuru Community Bank Nig. Ltd (B.C.B Nig. Ltd) recapitalized its share capital and converted to Highland Microfinance Bank Plc. The change became necessary because the bank had a vision of becoming not only a state Bank but a regional Bank. In order to reflect that vision of a regional bank and not a local bank, the name Highland Microfinance Bank became most appropriate due to the geographical locations of the area. The bank now has over 1,500 shareholders cutting across all the states in the Federation.

BOARD OF DIRECTORS

As at December 31st December 2019, the Board comprised of 6 (Six) Directors, made up of 5 (Five) Non-executive Directors and one Executive Director in line with CBN requirements of Corporate Governance.      CLICK HERE

SHARE CAPITAL

During the financial year our authorized share capital was ₦250m, issued and fully paid increased from ₦93,503,889 in 2013 to ₦107,699,589 in 2014 and now move up to ₦126,459,390, a growth rate of 35%. This is because we wrote CBN for approval of our deposit for shares and the approval was granted. The lists of the new shareholders have been registered with the Corporate Affairs Commission after which share certificates will be issued to them.

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• HND Accounting

• MCIB

• CIBN

Istifanus Timothy