The Alert Group has recorded a 121 percent rise in loan portfolio to N23 billion in the first half of 2025 as the lender continues to deepen its Pan-African operations, according to Olasunkanmi Adetoun, acting CEO of Auto Bucks Lenders, a subsidiary of Alert Group.
Adetoun explained that across its subsidiaries, Auto Bucks Lenders and Alert Microfinance Bank, the group has witnessed strong growth and deepened impact in key sectors.
“Total loan disbursements rose by 121 percent, reaching over N23 billion. This growth reflects our commitment to supporting entrepreneurs, families, women, and youth-led businesses across Nigeria,” Adetoun said in a statement.
“Our revenue trajectory has been equally impressive. From Q1 to Q2, 2025, total revenue surged by 133 per cent. Notably, by the end of Q1, we had already achieved over 80 percent of the revenue generated in the entire year of 2024. This excellent start indicates exceptional financial velocity and market demand for our products,” she added.
According to Adetoun, the WASH loan product is a major step forward in the company’s mission to fund purpose-driven ventures and sustainable enterprises.
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“It is designed to support MSMEs involved in sustainable ventures, many of which are led by women and youth. We believe this product is not just a loan; it is a financial tool for social transformation and inclusive development,” she said.
Adetoun explained that while the lender is committed to expansion plans, it’s maintained a “robust” system for managing credit risk, an achievement that reflects disciplined lending, rigourous monitoring, and a client-centric approach to risk management.
“Our Portfolio at Risk (PAR) 1-day stands at just 3.5 percent, significantly below the CBN benchmark and well below the industry average of 13 per cent,” she said.
According to her, the performance of the bank’s digital ecosystem has been equally impressive.
Total transaction turnover is estimated to have surpassed N100 billion, driven by increased adoption of digital channels, including POS terminals, mobile apps, and other e-business platforms.
“The group’s Gross Loan Portfolio (GLP) has seen remarkable growth. From 2024 to the end of Q1 2025, the portfolio expanded by 41 percent. By mid-2025, it surpassed N24 billion, exceeding the total loan volume disbursed in the entire year of 2023.
“What is particularly encouraging is the insight from our internal portfolio evaluation, which highlights a healthy sectoral funding mix. The data indicates that a broad range of sectors have benefited from our lending activities, with the food sector emerging as the top recipient.
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“Importantly, this growth has been achieved in full alignment with our ESG framework; our exclusion list has been strictly adhered to, ensuring that our funding supports responsible and sustainable business activity,” she said.
She further added that one of the key highlights of the mid-year period was the strategic migration of more than 5 percent of clients from its sister company, Alert Microfinance Bank, to Auto Bucks Lenders as they had exceeded the N70 million obligor limit set for microfinance institutions.
“At Auto Bucks Lenders, we are actively developing loan products that align with both market needs and sustainable development goals. One of the key products we are exploring is the Green Loan, which will enable our clients to transition to renewable energy solutions with ease.
“This initiative follows our successful transition to solar energy across many of our branches, which has significantly reduced our operational costs. Through a partnership with Green Bucks Limited, our renewable energy-focused sister company, we plan to offer affordable financing options for solar installations and clean energy technologies,” she stated.