Lotus Bank

LOTUS Bank is a non-interest and ethical bank in Nigeria. It is the third non-interest bank established in Nigeria and the first that started operations from the southern part of the country headquartered in Lagos.

History

The institution was founded in 2021, as Lotus Bank Limited. On 17 June 2021, Lotus Bank limited received a license from the Central Bank of Nigeria, the national banking regulator, to operate as a non-interest bank. On 7 July 2021, the institution commenced operations in 3 branches in Lagos.