Lotus Bank Limited, a Nigerian non-interest bank, has said that it has met the Central Bank of Nigeria, CBN's, minimum capital requirement even before the apex bank raised the new threshold.

Speaking at a media parley in Lagos, Isiaka Ajani-Lawal, Executive Director at the bank, who represented the Managing Director, Mrs. Kafilat Araoye, said: " Even before the CBN announced the new minimum capital base, we already have it as a national bank".

The new capital base for national non interest bank is N20 billion, while regional is N10 billion.

Ajani-Lawal noted that Lotus Bank is unique as a non-interest Nigerian Bank deeply rooted in ethical banking, committed to ethical investing and ethical prosperity.

He stated: "We are committed to deepening financial inclusion and broadening the array of non-interest products available to the banked, unbanked, and under-banked population".

Commenting as well, Lukman Rajih, Shariah Auditor at Lotus Bank, said: "Lotus Bank is here for Nigeria despite the religion differences. We are here to create value and growth for all through digital innovation and best-in-class customer experience".