Ekondo Microfinance Bank LTD (EMFB) is a leading Microfinance Institution in Nigeria which started business as a Community Bank in 1997 was granted a final license to operate as a Microfinance Bank by Central Bank of Nigeria in February, 2007 has been evaluated and given a BB Rating by Microfinanze ARL of Italy (A World Bank/Consultative Group to Assist the Poor –CGAP) approved Rating Agency.

As a pace-setter in the Microfinance sub-sector, Ekondo Bank is the first Microfinance Bank in Nigeria to subject itself to this rigorous International search light.

To achieve its full potential, Ekondo Microfinance Bank submitted itself for international rating. The areas of analysis in this rating covered the following:

External Context
Governance and Operational Structure
Financial Products
Assets Structure and Quality
Financial Structure
Operational and financial results as well as strategic objectives and financial needs.

With this rating, Ekondo Microfinance Bank is benchmarking internal best practices which will give it more visibility and create windows of opportunities for accessing and injecting external funds within its financial structure.

Consequent upon this rating, Ekondo Microfinance Bank is creating and updating a profile of the bank online, which will assist investors/donors to familiarize themselves with the bank.

With a network of 4 branches and 6 cash centers, Ekondo Microfinance Bank has continued to post impressive performance over the years with a Balance Sheet size of N800 million, as of 31 March 2008

As a microfinance bank of first choice, Ekondo Microfinance Bank is bringing financial services to the economically active populace the society by empowering them with Micro credits.