About Palmcoast
Palmcoast Microfinance Bank Limited (PMFB) was incorporated on October 13, 2009 to carry on the business of microfinance banking in Uyo, Akwa Ibom State.
The Corporate Head Office is at No. 13 Nwaniba Road, Uyo, Akwa Ibom State.
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Current Accounts
Current accounts allow the Account holder to carry out routine banking transactions with third parties.
Normal Savings Account
This is an account that encourages an individual to save money daily or as the customer desires.
Fixed Deposit
A Fixed Deposit is a tenored investment account with a specific amount invested at an agreed interest rate. Interest rate is competitive but negotiable.
Target Savings
This allows a customer save a specified amount at his/her convenience. Interest is paid at maturity will attract an interest.
Our Products
Palm Salad
This scheme is targeted at individuals that are in paid employment with a stable source of income e.g. public servants, bankers, etc. Repayment is from the monthly salary and tenor varies depending on the customer’s requirements.
Palm Cab
This product is mainly for customers who wish to acquire tricycle, taxis, mini buses and vehicles. Customers provide 40% equity contribution.
Palm Thrift
A product for groups or active business people who earn daily, weekly or monthly income. Savings can be structured daily, weekly or monthly depending on preference.
![Bamivil Foods](https://palmcoastmicrofinancebank.com/wp-content/uploads/2026/09/ChatGPT-Image-Sep-30-2026-11_48_49-AM-4.png")
Palm Kiddies Account
Savings in this account can be used as collateral to enable parents access funding for children’s education.
Palm-Edu Scheme
This product is geared towards extending loans to schools. Upon running the account for a minimum of 3 months, loans are structured termly and repayment is from the school fees through the school’s account with Palmcoast.
