US EditionVBank marks first profitable year with ₦366 million in 2024
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VBank marks first profitable year with ₦366 million in 2024
VFD Microfinance Bank, the technology-driven banking arm of VFD Group Plc, reported a profit of ₦366 million ($232,233) for the year ended 2024. This is the lender’s first profit and financial disclosure since its launch in 2014. This represents a significant turnaround from the ₦211 million ($132,739) loss recorded in 2023, according to VFD Group’s full-year financial statements. The ten-year-old microfinance bank achieved an operating income…
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