Calabar Microfinance Bank is an integrated financial service institution with a hard earned reputation for excellent financial business practices and a goal of fostering wealth creation by supporting and promoting business and entrepreneurial development among the economically/entrepreneurially “Active poor” and under-banked population. With its Corporate Headquarters at No. 72 Egerton Street, Calabar. CMF Bank started as a Community Bank in Cross River State fully licensed by Central Bank of Nigeria.
Calabar MFB was incorporated as a Private Limited Liability Company by a group of Nigerians in April 14th 1992 (Then Calabar Community Bank ) the Bank received its Community banking provisional license in June 30th 1992 and commenced operation in August 15th 1992. It operated as a Community Bank under the supervision of National Board for Community Bank until 2003 when the supervision and regulatory functions was transferred by the Federal Government of Nigeria to the Central Bank of Nigeria (CBN) and the Bank applied and obtained a banking license in May 25th, 2004 from the CBN.
Calabar Microfinance Bank is engaged in the business of satisfying her customers by providing Consumer/Retail banking services to Corporate, Commercial and individual customers. Its products and services include; Savings accounts, Current accounts, Xmas Account, Term Deposits, Microfinance Services, Trade financing, Funds Management, LPO Financing, Overdraft Facilities etc.
The bank also offers Salary Administration Services to a large numbers of corporate organizations and Government.
Calabar Microfinance Bank within the decades it commenced operations has made its mark in Profitability and all other performance indices within the State and all over Nigeria and has maintained this prime position to date.