AKINBAMIJI AKINPELU

Akinbamiji Akinpelu, the Managing Director of Cedrus Microfinance Bank is a seasoned professional with a strong background and rich experience in finance, leadership, and strategic management.

He has a proven track record of driving growth and innovation in the financial sector. He is dedicated to advancing financial inclusion and empowering communities through sustainable banking practices.

Akinbamiji brings on board 20 years of experience in the financial industry, with a focus on microfinance and inclusive banking. Prior to joining Cedrus Africa SME, he was the Managing Director at Imowo Microfinance Bank until February 2024, while with Imowo, he led the bank’s efforts to increase the customer base to over 100%, increase revenue by 500%, and reduce non-performing loans from 27% to 6% within three years. He also served meritoriously in reputable financial institutions such as Standard Trust Bank, United Bank for Africa Plc, Intercontinental Bank, Stanbic IBTC, etc.  As a Branch manager at Advans La Fayette Microfinance Bank, he played a pivotal role in expanding market reach, developing innovative products, and enhancing customer satisfaction.

He is known for his visionary leadership and strategic acumen; he leads by example and fosters a culture of collaboration and excellence within the organization. He is adept at building high-performing teams, setting clear goals, and inspiring teams to achieve their full potential. 
He holds an HND in Estate Management from Osun State College of Technology, a master’s degree in business administration from Ladoke Akintola University of Technology. He is a Certified Microfinance Banker (MCIB) and an Associate Member Chartered Institute of Bankers of Nigeria (ACIB). He has attended several top management trainings programs.