Passionbridge Limited

Passionbridge is a special purpose vehicle with the mandate of establishing the bank. Vision: To support entrepreneurs that will compete in the world business and reach the unbanked populace. Values of the bank: 1. Innovation at the heart of the organisation. Trust, integrity and respect in all relationships. Maintaining and seeking to build high professional standards in service, striving for quality improvement in working practices and the delivery of services to customers. Fostering an open and participative working environment in order to maintain and enhance high levels of motivation, skills and performance in the people. Adhering to regulatory policy on compliance, standard. Securing best value from operation. The promoters are raising N10billion as equity and N5billion in Debt. The minimum capital requirements for a regional bank is N10billion. The additional N5billion is to take care of expenses relating to acquiring branches and infrastructure etc. The promoters are contributing 20% of the minimum capital of N10billion. The bank's 10-point agenda: 1. Deliver consistent minimum average ROE of 15%. Apply for a national banking licence after 6th year of operation. Most innovative organisation in Nigeria and Africa. Stay in the top 5 of the most valuable company in Nigeria. Build a world-class Information Communication / Technology team. Raise and support the highest number of entrepreneurs in Nigeria. Create first-class Risk Management/ Compliance framework in the industry. Create Top-notch strategic partnership with relevant organisations. The bank is to be constantly ahead of regulation. Highly knowledgeable, efficient workforce.