Good asset quality
A well-diversified portfolio — by sector and by state — with non-performing loans kept at a minimum.
Investment package
On behalf of the Board and Management of Chestnut Financial Services Limited, we are delighted to present our investment package — an initiative for economic development, driven by modern technology, offering simpler, faster and friendlier financial services to those underserved by the traditional financial services industry.
Strategic objectives
Based on our competitive advantage and market niche, the Company's strategic objectives focus on the following activities:
A well-diversified portfolio — by sector and by state — with non-performing loans kept at a minimum.
Introducing offerings tailored to the needs of the target market.
Broadening current areas of engagement with tailored solutions and a strong brand image.
Partnering with commercial banks, development finance institutions, telecoms and money transfer agents to catalyse expansion, transfer know-how and create employment.
Medium-to-long-term external financing at a reasonable cost.
Further improving and strengthening the risk management perspective.
Adherence to AML-CFT and KYC requirements in line with new developments in the field.
Continued investment in an effective, integrated technology system.
Enhancing human resources and technical capabilities.
Our Investment Propositions
Our fixed deposit rates are highly competitive — the result of our understanding of the Nigerian financial market, aligned with your return-on-investment aspirations.
| Deposit amount | 90 days | 180 days | 365 days |
|---|---|---|---|
| ₦5,000,000 – ₦9,999,999 | 2.00% | 2.00% | 2.00% |
| ₦10,000,000 – ₦49,999,999 | 6.00% | 6.00% | 6.00% |
| ₦50,000,000 – ₦99,999,999 | 8.00% | 8.00% | 8.00% |
| ₦100,000,000 – ₦499,999,999 | 10.00% | 10.00% | 10.00% |
| Above ₦500,000,000 | Negotiable | ||
Investment portfolio risk
To reduce investment portfolio risk, Management staggers investment maturities to ensure Chestnut Financial Services Limited has the long-term funds needed for growth and expansion. Credit, inflation and currency risks that might threaten the value of the principal investment are duly considered.
Policies establish parameters for acceptable investments within the portfolio — from very conservative to very aggressive — setting limits on the range of permitted investments and on the degree of acceptable concentration for each type.