Our Vision

To lead and excel in the provision of safe banking and financial services within the microfinance sub sector.

Our Mission

To provide a unique and specialized financial services tailored to suit the individual needs of our customers, at the least cost, least delivery time, with minimum risk and in a most effective manner using a well-motivated staff.

Our Values

Our Values are anchored on:



Ekondo Microfinance Bank Limited (EMFB) has its humble beginning in 1997 when it was established as a Community Bank in Calabar, Cross River State, Nigeria. After the introduction of a new regulatory framework for microfinance banks by the Central Bank of Nigeria, Ekondo Microfinance bank became the first Community bank to metamorphose to Microfinance bank in 2007.

The Institution which started as a single unit branch bank has grown to become a state Microfinance bank and has therefore strategically located its branches in the most economically active areas of the state to effectively serve its esteemed customers.

The choice of its branch locations were entirely business biased and based on the potentials that were found in those locations. The bank now has ten (10) branches with five 5 cash centers located in the southern and central senatorial districts of Cross River State.

Ekondo MFB today has its head office at 43 Murtala Mohammed Highway with its branch and cash center network spread over 60% of the geographic landscape of Cross River state.

40B (NGN)

Loans disbursed


on corporate social responsibility

OVER 300



Years of experience

In line with its slogan “Empowerment through Micro financing”, EKONDO Microfinance Bank has through its various products and services positively affected many lives in and around its operating areas.Ekondo has been a pace setter in the South South geopolitical part of the country. Our Branch network is spread across the State. We are fully participating in the e-payment system.We have given out more than ₦40 Billion in Loans and Advances to Individuals, Groups and Corporate entities in the 21 years of our existence.We have spent well over ₦5m in Corporate Social Responsibility to some of our host communities by way of provision of Portable Water, Chairs and Tables, Exercise Books and Sporting Materials for Primary and Secondary Schools, Renovation of Classrooms and Offices Blocks among other.Through our efforts in Financial Inclusion, we have been able take banking services to the remote areas of the State using technology.The bank has empower many youths by way of employment, we currently have on our payroll more than 300 workers and we are recruiting more as we open more business outlets.

Meet Our Management Team

Augustine Eniola Agbesoyin

Managing Director

Charles A. Efedodama

Group Head Commercial

Linus Okon, Esq.

Company Secretary

Babatunde J. Folajimi

Head, Audit

Eno Favour Daniel

Head, Credit

Karen Ijeoma

Head, Account | Finance

Oluwagbemi S. Ajala

Head, Information Technology

Daniel Ani

Head, HR | Admin

Solomon Etim

Head, Business Development

Larry Joshua

Head, Recovery | Remedial Asset

Moses Adetayo

Head, Risk Mgt. | Compliance

Francis Ajibogun

Head, Operations

Michael Ikanga

Head, Region #

Bassey Usene

Head, Region #

Oliver Ubah

Head, Region #

Meet Our Board

Chief (Dr.) Asoquo Ekpenyong


Mr. Augustine E. Agbesoyin

Managing Director

Group Captain Ita Ikpeme Rtd.


Dr. (Mrs.) Iquo Ekpenyong


Mr. Gershom E. Henshaw


Dr. David O. Attoe


Mr. Asoquo Ekpenyong Jnr.


Elder Ogban E. Ogban


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