<h4>New Bank</h4>
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<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a></strong> reports that Alternative Bank, Nigeria’s newest entrant into the financial services sector, has been launched.</p>
<p>It was launched in spectacular fashion by holding simultaneous launch events in three major cities across the country &#8211; Lagos, Abuja, and Kano, making it the first synchronized multi-city brand launch in Nigeria’s history.</p>
<p>The Alternative Bank is the ethical banking subsidiary of Sterling Financial Holdings.</p>
<p>Speaking from Lagos, Managing Director of The Alternative Bank, Hassan Yusuf, said, “We believe that banking should be a platform for shared prosperity, where everyone benefits.</p>
<p>And this explains why we refer to our customers as partners, because we believe we are on a journey of wealth creation where profits are shared, and customers are provided with funds without incurring interest charges.”</p>
<p>Speaking at the launch event in Abuja, Executive Director of The Alternative Bank, Garba Mohammed, said “The Alternative Bank is here to create wealth-for-all in a sustainable way, by doing things differently and taking a different model to partnering with its customers.”</p>
<p>The launch events featured the presentation of digital products to attendees, designed to bring more people into the formal financial sector with an albeit unconventional approach to e-commerce, investments, assets financing, and renewable energy with solutions such as AltMall for e-commerce, AltInvest for ethical retail investments,</p>
<p>AltPower for affordable renewable energy solutions, AltDrive for new and pre-owned vehicle financing, and WasteBanc for the monetization recyclable waste.</p>
<p>In recognition of the unique financial needs of individuals and businesses, The Alternative Bank offers personalized financial consultations, tailored solutions, and one-on-one guidance towards ensuring that customers achieve their financial goals.</p>
<p><a href="https://tribuneonlineng.com/">The zero-interest banking principle is dedicated to fostering sustainable practices, responsible investments and financial decisions that contribute to positive social and environmental impacts.</a></p>
<p>The Alternative Bank also recently launched an innovation in retail investments with the first AltCoin which affords investors the opportunity to preserve and grow their wealth by investing in gold.</p>
<p>The Alternative Bank started in 2014 as Sterling Alternative Finance, after the Central Bank of Nigeria licensed then Sterling Bank Plc to operate a non-interest banking business and has since grown to become one of the largest ethical banks in Nigeria’s non-interest banking sector.</p>
<p>With the recent completion of Sterling’s transition to a full-fledged financial holdings company, The Alternative Bank will operate as the non-interest banking subsidiary of the Group, while Sterling Bank Limited will continue to provide conventional banking services.</p>
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<figure id="attachment_22752" aria-describedby="caption-attachment-22752" style="width: 300px" class="wp-caption alignnone"><img class="size-medium wp-image-22752" src="https://openlife.ng/wp-content/uploads/2023/10/Bank-300x157.jpg" alt="New Bank" width="300" height="157" /><figcaption id="caption-attachment-22752" class="wp-caption-text"><em><strong>L-R: Chairman, The Alternative Bank, MUHTAR BAKARE; Executive Chairman Stratevium Nigeria LTD, DR. PRISCA NDU; Head of Product Omnibiz, ZAINAB ARILESERE and CEO, The Alternative Bank:, HASSAN YUSUF during the launch of The Alternative Bank in Lagos recently</strong></em></figcaption></figure>
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