The Snug Bank story

Snug Bank’s mission is really quite simple. We want to redefine banking in Nigeria. To orient banking around people’s life patterns and needs, and not the other way round. In short, we want to make banking:

Faster
Simpler
Easier
Comfortable
Accessible
Stylish

The values that define us

Intelligence

We devote our energy to developing intelligent solutions that best meet our clients’ needs and aspirations. We choose to nurture ideas that create value and endeavour to get things done in smart, logical ways.

Intelligence is also about working with all stakeholders in the financial services sector to develop strong, sustainable and well-governed institutions.

Innovation

Innovation is the essence of Snug Bank’s spirit. We exist because of our capacity to create and support revolutionary new ways to make our clients’ banking experience easier, more comfortable and more efficient.

We all share a deep-rooted hunger to revolutionize banking. We truly embrace the process of constant renewal, continuous education and design, and the unrelenting quest for innovation.

Integrity

Integrity is built into our culture. We are founded on the principle of unconditional loyalty towards our clients, colleagues, and towards the firm itself. Our clients enjoy the peace of mind that their accounts and details are safe and secure with Snug Bank.

We hold enormous pride in our uncompromised integrity. Every aspect of the bank’s governance is subjected to internal and external scrutiny, and we actively support policies that improve the integrity of the banking environment as a whole.

Incentive

Our people are empowered to show initiative and drive. As an online bank in a continuous state of improvement and growth, the Snug Bank culture supports taking initiative to develop new ideas, solve problems and make our services better.

Snug Bank rewards talent, quick wit and smart solutions. We never stand still and follow, but take the lead and aim to be industry leaders in everything we do.

A profoundly No-Border bank

Snug Bank profoundly knows no boundary in outlook and design. The bank is presently able to offer its services in all 36 states in Nigeria and Diasporas, with no limitation to receive money from anywhere around the globe using the Blockchain technology. Financial services operator legally established in Nigeria to establish and provide its services to all who are eligible.

Not only does the bank knows no boundary in outlook, but also boasts a melting pot of cultures and ideas. Snug Bank is registered and domiciled in Nigeria, and backed by one of the leading Bank in Africa, and it already offers full client support services in different languages manned by native speakers.

It is this very fusion of cultures and ideas which allows Snug Bank to truly understand the needs and aspirations of all its Customers.

The Snug Bank brand

The Snug Bank name is inspired by the word "Snug" itself which also means "Comfortable". It wasn't hard to match that up with Banking to make it a Comfortable Banking platform that it is. Snug Bank aspires to be a partner and supporting institution in making comfortable; people’s lives and life projects.

The Snug Bank logo

Snug Bank’s logo consists of three elements: a honeycomb shape, bank structure symbol, and the short name of the bank "SB" at the centre.

The honeycomb is the most efficient structure found in nature, requiring the least surface for a given volume. This symbolizes Snug Bank’s aspiration to provide the most efficient banking experience.

The Bank structural at the logo’s centre represent a way to depict what its actual about and not deviate from the fact that it is a Bank.

The short name at the centre gives the reminder of the comfortability we preach to offer to the people, and giving them confidence as an efficient, unifying, and stimulating entity.