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First Metropolis Monument Financial institution (FCMB), a number one supporter of small and medium-sized enterprises (SMEs) in Nigeria, has prolonged credit score totalling N1.343 trillion to over 98,000 SMEs throughout numerous sectors since 2018. This consists of N3 billion in credit score disbursed to over 50 companies selling clear power options.
In recognition of those distinctive contributions,FCMB was honoured by the Improvement Financial institution of Nigeria (DBN) at its 2023 Service Ambassadors Awards in Lagos. The financial institution obtained accolades because the “Deposit Cash Financial institution with the Highest Influence within the DBN Focus States” and “Taking part Monetary Establishment with the Highest Disbursement to Inexperienced Tasks.” These awards underscore FCMB’s dedication to impactful lending, actively driving financial development and job creation throughout Nigeria.
Commenting on the awards, Mrs. Yemisi Edun, the Managing Director of FCMB, stated:
“We’re honoured to be acknowledged because the Deposit Cash Financial institution with the Highest Influence within the DBN Focus States and the Taking part Monetary Establishment with the Highest Disbursement to Inexperienced Tasks. Our partnership with the Improvement Financial institution of Nigeria empowers SMEs to scale up and contribute considerably to Nigeria’s financial growth. These awards affirm our dedication to assembly the expectations of our prospects and the broader enterprise group.”
FCMB’s goal is to coach over 1 million SMEs by means of Technical Help price €325,000 granted by Proparco (the private-sector arm of the French Improvement Company) and one other $275,000 from the African Improvement Financial institution (AfDB). These will facilitate the profitable onboarding and empowerment of SMEs, together with ladies entrepreneurs, beneath its SheVentures proposition and people working in high-impact sectors (agriculture, renewable power, digital).
First Metropolis Monument Financial institution is a member of the FCMB Group Plc. FCMB is dedicated to fostering inclusive and sustainable development inside its communities by constructing a supportive ecosystem rooted in Africa and connecting folks, capital, and markets.