LivingTrust Mortgage Bank Plc has received the Development Bank of Nigeria (DBN) Innovation Award in the Other Financial Institution (OFI) category for the 2024 financial year, in recognition of its efforts to support micro, small, and medium-sized enterprises (MSMEs) through innovative practices.

The award comes amid a challenging economic climate and reflects the bank’s approach to addressing financing gaps in the MSME sector. DBN, a development finance institution backed by global partners including the World Bank, European Investment Bank, French Development Agency, African Development Bank, and the Federal Government of Nigeria, presented the award.

The recognition acknowledges LivingTrust Mortgage Bank’s operational strength and focus on sustainable development.

According to the bank, the award underscores its commitment to entrepreneurship and economic development. “This award is a recognition of our work in supporting MSMEs through innovative financial solutions, even during a difficult financial year,” said a representative of LivingTrust Mortgage Bank.

The bank noted that its strategy is centred on delivering tailored financial services that promote business growth and economic participation for small businesses.

LivingTrust Mortgage Bank Plc said the award highlights its role in advancing inclusive finance and reflects ongoing efforts to respond to evolving market needs.

By focusing on innovation in the delivery of mortgage and financial services, the bank aims to contribute to national development priorities while strengthening its role within Nigeria’s broader financial ecosystem.