We are a customer focused bank with a customer-led Ethical Policy, which sets us apart from other banks.

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NEWAGE MFB, first incorporated as Ikare Community Bank in 1992; and later changed to NEWAGE Microfinance Bank in 2008, is a private limited liability company engaged in the business of microfinance banking and has emerged as one of the leading microfinance banking institutions in this sub sector.

It is a professionally managed and conservative bank, providing a wide range of banking products and services to consumers in Akoko North East, Ondo State, Nigeria. Some of the services provided include Retail Banking, Loans and Advances, Money Market Activities and Financial Advisory services (to members of its community and the larger society).

The Bank, in working to realize the vision for its establishment, has developed special products which include Student Loans, Festival Accounts, Asset Acquisition Savings, and our customers are at the core of our product architecture with many positive testimonies to our reputation and turnaround time service delivery.


Customers remain our enthusiastic emphasis. We remain a financial institution of choice ensuring transparent and fluid processes that culminate in wealth creation for our customers. Our success or performance hinges on satisfying them better than our competitors do and helping them unlock the real value of their businesses.

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