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Umuchinemere Procredit

Microfinance Bank Nigeria Limited

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2008 Financial Year: UPMFB Posts 15k Dividend

While most banks in Nigeria are still grappling with excruciating straits and being unable to declare any divided to their various shareholders, following the unprecedented economic melt down that began some time in 2008, a leading micro finance bank in the country, Umuchinemere Pro-credit Micro Finance Bank Nigeria Limited, (UPMFB), Enugu, has posed a 15 kobo per share dividend to its shareholders for 2008 financial year ended.

UPMFB Chairman, Very Rev. Prof. Obiora Ike, a Roman Catholic Prelate, broke this exciting news of the performance of the bank in his chairman's statement at the 13th Annual General Meeting (AGM) of the bank in Enugu.

Part of the agenda of the meeting was the bank's shareholders' receipt/consideration of its financial statement for the year ended December 31, 2008.


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