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Salary structure of VFD Microfinance Bank

VFD Microfinance Bank is one of the leading microfinance banks in Nigeria, providing financial services to individuals and small businesses.

The bank offers a variety of financial products and services, including savings and current accounts, loans, and investment opportunities.

In this article, we will take a look at the salary structure of VFD Microfinance Bank, according to roles and responsibilities, and how the bank operates.

Salary Structure of VFD Microfinance Bank

The salary structure of VFD Microfinance Bank is determined by several factors, including job role, level of experience, and educational qualifications.

The bank offers competitive salaries and benefits to its employees, as well as opportunities for career growth and development. Here is a breakdown of the salary structure of VFD Microfinance Bank,

• Executive Management: The executive management team at VFD Microfinance Bank consists of the CEO, CFO, COO, and other top-level executives. The average salary for an executive management team member is between ₦20 million and ₦40 million per annum.

• Senior Management: Senior management roles at VFD Microfinance Bank include Head of Departments, Senior Managers, and other management roles. The average salary for a senior management role is between ₦10 million and ₦20 million per annum.

• Mid-Level Management: Mid-level management roles at VFD Microfinance Bank include Branch Managers, Operations Managers, and other management roles. The average salary for a mid-level management role is between ₦5 million and ₦10 million per annum.

• Entry-Level Roles: Entry-level roles at VFD Microfinance Bank include Customer Service Representatives, Loan Officers, and other entry-level roles. The average salary for an entry-level role is between ₦2 million and ₦5 million per annum.