NCR license issued to CITITRUST FINANCIAL SERVICE (PTY) LTD in South Africa
CITITRUST Financial Services (PTY) Limited, South Africa was recently issued an NCR (National Credit Provider)
License to operate nationally in South Africa and offer quick and convenient consumer credit to qualified
individuals to enable them meet their financial needs.
Cititrust Financial Services (PTY) Limited is 100% owned by one of CITITRUST Group (PTY) Limited, South Africa, a
subsidiary of CITITRUST Holdings Plc. It was established as a multi-faceted financial services company offering
tailored financial services and solutions to individuals and companies.
The National Credit Act, 2005 (Act No. 34 of 2005), establishes a National Credit Regulator (NCR). It is regulatory
that any organization that lends money must register with the National Credit Regulator (NCR) and obtain the
National Credit Provider License.
NCR promotes a fair and non-discriminatory market place for access of consumer credit provides for the general
regulation of consumer credit and improved standards of consumer information, promotes black economic
empowerment and ownership within the consumer credit industry, prohibits certain unfair credit and credit-
marketing practices, promotes responsible credit granting and use, and for that purpose to prohibit reckless credit
granting, provides for debt re-organization in cases of over-indebtedness, regulates credit information, provides
for registration of credit bureau, credit providers and debt counseling services, establishes national norms and
standards relating to consumer credit, promotes a consistent enforcement framework relating to consumer credit.
The Group Chief Executive, Cititrust Holdings Plc, Yemi Adefisan enlightened that the corporate objective of the
Company is to be the foremost consumer finance firm in South Africa. We will employ the use of safe, cutting edge
technology to deploy effective and simple money solutions to meet our client’s needs in line with CREDIT -GO-
AFRICA. We offer innovative and reliable solutions to our clients to enable them achieve their goals and objectives
in a timely manner. We are able to deliver tailored solutions to clients in relation to their specific needs and better
serve the market.
At CITITRUST, our people have extensive experience in the financial services sector across Africa and are devoted
to pooling complementary resources and functions to give clients the best value.
We look forward to offering unique and creative solutions backed up by world class technology to transform
current market offerings and do more for our clients.
…….. Building Africa
THANK YOU.
Related Posts
CITITRUST Holdings Plc launches Investment/Asset Management Company in Malawi
CITITRUST Holdings Plc, a Pan African Investment Holding Company, has launched a wholly-owned Investment/Asset Management Company subsidiary in Malawi, the South Atlantic Asset Management Limited Malawi (SAAML). The launch followed the receipt of approval from the Registrar of Financial Institution, Malawi, for the firm to provide Portfolio/Wealth Management,
CITITRUST ACHIEVES ANOTHER GIANT STRIDE IN OUR PAN-AFRICAN EXPANSION PLAN
CITITRUST CAPITAL MANAGEMENT (PTY) LIMITED, SOUTH AFRICA LICENSED AS ANAUTHORISED FINANCIAL SERVICE PROVIDER IN SOUTH AFRICA!!! By Titilope Omotosho – July 20, 2020 CITITRUST Capital Management (PTY) Limited, South Africa has been authorised as a FinancialServices Provider in terms of the Financial Advisory & Intermediary Services Act 37 of 2002 witheffec
Cititrust Supports Living Fountain Orphanage… Holds Retreat, Awards Ceremony
Staff of Cititrust Holdings Plc and its Nigerian subsidiaries have donated food items tothe Living Fountain Orphanage, Lagos, as a mark of gratitude to God for a successfulyear and to support the orphanage in the running of its activities, especially during thefestive season.
CITITRUST HOLDINGS ANNOUNCES NOTIFICATION OF BOARD MEETING, CLOSED PERIOD
CITITRUST Holdings Plc. announces that the Board members will meet in Lagos on Friday, May 08, 2020 todeliberate inter alia other agenda, the Group’s Q1 2020 Financial Performance. The trading of shares in the Group will be halt effective April 23, 2020 – being the closed period in respect of theQ1 2020 Result. The announcement […]