Stanbic IBTC unveils SME business-support initiative


wuse-marketSTANBIC IBTC Bank, a member of Stanbic IBTC Holdings PLC, has unveiled a nationwide campaign in which operators in the small and medium scale enterprises (SMEs) sector will receive robust support to grow their businesses.

The support, which range from business term loans, vehicle and asset finance, to distributor finance, import and export finance, trader loans and agriculture finance, among others, have been carefully developed to ensure that they help drive the growth and profitability of SMEs.

Executive Director, Personal and Business Banking, Obinnia Abajue, stated, following the launch of a television commercial (TVC), that Stanbic IBTC Bank is always prepared to give loans to businesses, small, medium, or big, as long as there are prospects in the business and they are well structured.

Abajue noted that the core business of banks is to mobilize capital for investment in the economy, a key factor in Stanbic IBTC Bank’s unwavering commitment to providing financial solutions to help clients meet their business objectives.

In the TVC, which is part of an integrated marketing campaign on radio, television, advertising, press, and outdoor, Stanbic IBTC Bank catalogues a world of opportunities through which it can help people and businesses across the SME value chain to accomplish their goals, be they renovations, expansion, rapid growth, emergencies or working capital.

“To have access to finance for whatever needs, small and medium scale businesses only need to have a track record of proper bookkeeping and adequate data to support their claims. Sound financial management is the bedrock of any successful business. Accessing facilities isn’t as difficult as it is portrayed,” Abajue stated. He tasked SMEs to adopt a professional approach to managing their businesses, ensuring standard and proper record keeping if they hope to get the support of banks to grow their businesses.

“At Stanbic IBTC, we are resolute about putting the customer at the heart of all our operations. This approach reflects our group’s vision, strategy and values, which are underpinned by the unique ability to connect with our customers in order to move them forward,” Abajue added. “As an end-to-end financial solutions provider in Nigeria and Africa through our parent company, Standard Bank, Stanbic IBTC possesses proven expertise and experience to help our clients to grow their businesses through the development and application of innovative products and services that cater to their varying needs.”

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