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Fidelity Bank wins 2020 DBN service award



Fidelity Bank wins 2020 DBN service award

By Itohan Abara-Laserian

Fidelity Bank Plc won the 2020 Development Bank of Nigeria (DBN) Service Award for highest disbursement at DBN-focused locations.

The bank’s managing director / chief executive, Ms Nneka Onyeali-Ikpe, said this in a statement in Lagos.

Onyeali-Ikpe said the award was a testament to the bank’s determination to support small and medium-sized enterprises (SMEs).

Onyeali-Ikpe said the bank is thrilled to receive the award.

She noted that this recognition would motivate her to do more to help the SME sector develop and run profitable businesses.

“This award is proof of the remarkable work we have done and are doing now to help small businesses access much needed loans at competitive rates to help them grow their businesses.”

“We are particularly delighted that many of our SME clients are taking advantage of our partnership with DBN and demonstrating our claim to be the preferred bank for small businesses.

“The critical role small businesses play in job creation, wealth creation and social development cannot be overstated.

“It is therefore important to position them for scalable and sustainable growth.

“Our vision at Fidelity Bank is to bridge the yawning capacity building gap and help SMEs in Nigeria build the capacity needed for entrepreneurial success.

“We are proud of the role we play in helping SMEs thrive, including by facilitating loans,” said Onyeali-Ikpe.

DBN Managing Director Tony Okpanachi said DBN is leveraging its partnership with Participating Financial Institutions (PFIs) to provide relatively cheaper loans as well as capacity building initiatives for small businesses.

Okpanachi said that the DBN Ambassador Program, which started in 2020, is designed to increase a sense of belonging among participating fake institutions, build capacity, increase lending to SMEs and deepen fake inclusion in Nigeria. (www.)

Source: NAN

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