Nigeria’s largest ethical bank, The Alternative Bank (TAB) has taken steps to extend its reach beyond the shores of Nigeria with its hosting of an executive delegation from Banque Sahelo-Salarienne pour l’Investissement et le Commerce (BSIC), a Gambian bank. The two-week exchange program is to promote collaboration between the non-interest banking sectors of Nigeria and Gambia’s financial services sectors.
TAB’s Managing Director, Hassan Yusuf, announced that the four-member delegation from BSIC is embarking on study tour of TAB’s operational and business processes as part of the prerequisites stipulated by The Gambia’s Central Bank to establish an operational window for a non-interest bank in the Gambian economy.
Yusuf explained that the visit will help nurture stronger relationships between The Alternative Bank and BSIC. According to him, “the exchange program has the potential for significant impact on Gambia’s financial landscape specifically, and the broader scope of the continent’s non-interest banking market.”
The BSIC group operates in 14 African countries and aspires to be a prominent banking group on the continent, distinguishing itself as the sole bank providing investment and commercial services in the Gambian banking industry.
The recently launched Alternative Bank is actively offering digital products and services to customers, employing an unconventional approach to e-commerce, investments, asset financing, and renewable energy solutions. These include AltMall for e-commerce, AltInvest for ethical retail investments, AltPower for affordable renewable energy solutions, AltDrive for new and pre-owned vehicle financing, and WasteBanc for monetizing recyclable waste. In addition to these offerings, TAB provides personalised financial consultations, tailored solutions, and one-on-one guidance to help customers achieve their financial goals.
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