DevelopmentNews

First Bank of Nigeria establishes SMEs accounts to promote growth and development in the sector

 First Bank of Nigeria Limited has launched its Small and Medium Enterprise (SME) specific accounts designed to reinforce its role in putting SMEs at an advantage whilst contributing to national growth and development.

The SME accounts, which are in two variants – FirstSME Classic and FirstSME Deluxe, are offered to SMEs, irrespective of industry, and tailored to have SMEs exposed to a wide range of services and opportunities that are essential for their continued growth and role in contributing to national development. 

Read also: Congolese Off-grid Energy firm Nuru, raises $1.2mn funding from Proparco to aid the development of mini-hybrid solar networks in DRC

“FirstBank is delighted to unlock several opportunities for SMEs to thrive. Our FirstSME account is one of the numerous opportunities designed to empower SMEs to continually drive impact as the backbone and contributors to employment and economic growth,” said Chief Executive Officer of FirstBank, Dr. Adesola Adeduntan.

“Being woven into the fabric of the society for close to 127 years means that we remain at the forefront of providing the desired financial products and services to fit the needs unique to the SMEs as well as facilitating the requisite tools and resources to efficiently and effectively drive business sustainability and expansion strategies essential to taking SMEs to the next level.”

Read also: Kemi’s Korner: Why You Should Be A GFA Volunteer Mentor.

The advantages and features of these accounts include access to Temporary OverDrafts (TODs) and other facilities subject to meeting Risk Adjustment Capital (RAC) of each product; immediate enrolment on all digital platforms; free access to FirstBank SME events; free access to extensive business promotional and networking opportunities on the SMEConnect portal; access to a wide range of discounted and promotional offers.

Amongst the many opportunities available to holders of FirstSME account is the SMEConnect initiative of FirstBank which is a platform through which SMEs access the bank’s unique propositions that will equip them with the essential tools needed for the growth of their business. 

Read also: How to Forge an Inclusive Economic Recovery in Africa

The SMEConnect portal is also designed to help SMEs identify various gaps that hinder their business growth.


Click HERE to Register

Here Is What You Need To Know About First Bank of Nigeria

Founded in 1894 as Bank of British West Africa and renamed First Bank Of Nigeria in 1979. First Bank of Nigeria Limited (FirstBank), is a Nigerian multinational bank and financial services company headquartered in Lagos Nigeria. It is the premier bank in West Africa with its impact woven into the fabric of society. First Bank of Nigeria Limited operates as a parent company in Nigeria, with the subsidiaries FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone, and Senegal; FBN Bank UK Limited in the United Kingdom with a branch in Paris; FirstBank Representative Office in Beijing to capture trade-related business between geographies.

With FirstBank’s over 126 years of impacting the economy, the bank’s SME innovative Business Diagnostics Tool will also help proffer tailored solutions, whilst creating avenues for business improvement, profitability and sustainability.

Read the original article here

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button