Fidelity Bank Plc has restated its commitment to the support of small and medium scale enterprises (SMEs) in the country.
Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mr. Nnamdi Okonkwo made the pledge in an address delivered at the ongoing Lagos International Trade Fair.
Okonkwo, who was represented by the Head of SMEs, Fidelity Bank, Mr. Ken Opara said: “In the SME sector, we have taken an uncommon approach to support SMEs and want to build Nigerian entrepreneurs to become major employers of labour.”
He said Fidelity Bank presently has a product that makes it easy for entrepreneurs to bank without commission on turnover.
According to him, “At Fidelity Bank, we build capacity because we have noted that most of the SMEs, within the first five years after take, 60 per cent of them die, just because they lack the capacity to manage them.
According to him, “At Fidelity Bank, we build capacity because we have noted that most of the SMEs, within the first five years after take, 60 per cent of them die, just because they lack the capacity to manage them.
“Fidelity Bank has an SME Academy where we offer our customers, at no cost the necessary support required to grow their businesses.” He also said Fidelity Bank has designed initiatives that are geared towards improving the businesses of its customers in various sectors of the economy.
“For us as a bank, we don’t want to be everything to everybody and that is why we are saying that we must e number one in those products we offer. Also, we want to make sure that our services are easy and affordable,” he added.
He noted that the recent Gross Domestic Product (GDP) has opened the Nigerian economy to investors.
According to Okonkwo, Fidelity Bank has over 220 branches in terms of physical branches; over 10,000 point of sale (PoS) terminals and about 1,000 ATMs.
The bank also presented gifts and cash to winners in its ongoing promo.
Some of the winners at the draw, which was held last week were Isaac Timothy, Okolie Reuben Akoma, Anwalu Mohammed, among others.
Commenting on the promo, the Head of Retail Banking, Fidelity Bank, Mr. Richard Madiebo said: “What we found out is that there is a craving for education in Nigeria, be it formal or informal. Fidelity Bank decided to tap into that craving by creating this promo to ensure that people that want to further their education, be it formal or informal education, can improve themselves. We are encouraging more people to keep saving.”
Culled from: http://www.thisdaylive.com
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