Coastline Microfinance Bank Limited commenced operations as a Community Bank over 24 years ago and was formerly known as Okere Community Bank Limited with Head Office situate at No. 1, Ekpen Road, Okere- Warri, Delta State, Nigeria.
The Bank was issued a provisional banking license as a Community Bank in December, 1992 and thereafter went into full banking operations in July, 1993; subsequently the Bank was granted full license by the Central Bank of Nigeria (CBN) in May, 2004 to operate as a community bank.
In compliance with the directive of the Federal Government issued in December, 2006 that all Community Banks should be converted to Microfinance Banks by increasing their Share Capital base from N5, 000, 000.00 (Five Million Naira) to N20, 000, 000.00 (Twenty Million Naira), Okere Community Bank Limited (now Coastline Microfinance Bank Limited) was issued provisional approval by the CBN to convert to a Microfinance Bank in June, 2007; by July, 2011, Coastline Microfinance Bank Limited was finally granted full license to operate as a Microfinance Bank in Nigeria (with the name – Coastline Microfinance Bank Limited) with Head Office situate at No. 1, Ekpen Road, Okere- Warri, Delta State, Nigeria.
Presently, with the approval of a Share Capital of N100, 000, 000.00 (One Hundred Million Naira), Coastline Microfinance Bank Limited is well positioned to render micro-credit financial services to a broader spectrum of individuals and corporate bodies in the rural and urban areas.