A leading microfinance bank known for its prompt and quality financial services, Mutual Trust MFBank Limited, has approved a considerable increase in employee salaries across all boards by up to 50%.
The recent price increases in fuel, electricity, and other commodities brought on by the current economic conditions are the reason for this pay rise.
The junior and ancillary staff members are to receive a 50% salary boost, along with increased perks and incentives, while other employees receive raises between 10% and 20%.
The recent price increases in fuel, electricity, and other commodities brought on by the current economic conditions are the reason for this pay rise.
The MD/CEO of Mutual Trust MfBank Limited, Josh Oyebisi, said in a statement: “The increase in salaries that went into effect in June 2023 was a much-needed reaction to soften the hard impacts and high cost of living that have resulted from the cost of fuel and by extension has increased the cost of other daily necessities.
The Bank has made this unavoidable decision to maintain staff dedication and productivity because it is devoted and unwavering in its mission to continually identify ways of keeping a motivated workforce.
“It has become imperative to ensure that the welfare of our staff remains an integral and front-burner agenda that must be sustained by the Bank at all times and costs in order to honour and respect our shared core values of recognizing and rewarding commitment.”
Mutual Trust MFbank Limited is a reliable, safe, and well-run organization that continues to dominate Nigeria’s financial market. Serving over 120,000 clients and backed by an uncompromising dedication to providing clients with the best financial services available.
