Auto Bucks Lenders, a fast-rising subsidiary of Alert Group, has announced a remarkable growth of over 100 per cent in profit since it started operations. The company made this known during its annual regional customer forum held recently in Ibadan, Oyo State.
According to the Group Chief Executive Officer of Alert Group, Mr. Kazeem Olanrewaju, the firm’s outstanding performance is largely due to growth in its total assets, gross loan portfolio, and shareholders’ funds. He added that customer loyalty and strong regional leadership have played a major role in the company’s rapid success.
Speaking at the customer forum, Olanrewaju said, “The group’s financial progress includes over 100 per cent growth in profitability and performance across key indicators such as total assets, gross loan portfolio, and shareholders’ funds. I would attribute this success to the steadfast loyalty of customers, the resilient leadership of our Regional Manager, and the continued support as the institution looks to scale even greater heights.”
Olanrewaju also praised the Ibadan branch of Auto Bucks Lenders for its impressive growth. He revealed that the branch, under the leadership of Regional Manager Mr. Ashiru Abideen, has crossed a gross loan portfolio (GLP) of N3 billion in just two years. This, he said, is a reflection of how the company is building trust and providing valuable financial services to the people of Oyo State and beyond.
Auto Bucks Lenders is part of the Alert Group, a Nigerian financial services and investment company focused on driving inclusive finance and supporting small and medium-scale businesses. The group’s subsidiaries offer various products including personal loans, SME loans, asset financing, and other development-focused financial services.
During the Ibadan event, Auto Bucks Lenders also introduced a new subsidiary called Green Bucks Limited, which will focus on delivering solar energy solutions. The new subsidiary will provide sales, installation, and maintenance services for solar systems. This move, according to the management, is part of the group’s strategy to support Nigeria’s clean energy transition and create access to affordable power, especially in underserved areas.
Also announced at the event was the launch of Auto Bucks Lenders’ new product — the WASH Loan Product. Developed in partnership with Aqua for All, the product is aimed at financing water, sanitation, and hygiene (WASH) projects. This initiative is targeted at improving access to clean water and sanitation facilities in communities and for businesses committed to sustainable development goals (SDGs).
The Chief Executive Officer of Auto Bucks Lenders, Mrs. Adetoun Olasunkanmi, also used the forum to announce that the company is expanding its operations to other states in the South-West region of Nigeria. She said the company has seen a growing demand for its financial services and intends to respond by opening new offices to reach more customers.
“We are scaling up to meet the financial needs of more communities. The success we’ve seen in Ibadan shows that our model works. Our next goal is to bring Auto Bucks to more cities across the South-West, to provide affordable and flexible loan services,” Olasunkanmi said.
Customers at the event expressed appreciation for the company’s customer service, quick loan processing, and flexible repayment terms. Some beneficiaries of the WASH loan also shared testimonies on how the funding has helped them improve their businesses and contribute to better hygiene standards in their communities.
With a focus on financial inclusion, green energy, and community-based lending, Auto Bucks Lenders is positioning itself as a socially responsible financial institution with plans for long-term impact. As the company continues to grow, industry observers say its focus on innovation and community partnerships may give it an edge in Nigeria’s highly competitive microfinance and lending space.
