First City Monument Bank has revealed that it has increased its support to Small and Medium-scale Enterprises.
The increase in support by the bank is contained in a statement titled ‘Why we are intensifying support to small businesses – FCMB’.
The bank revealed that the support is aimed at further empowering them to take the lead in the growth and development of Nigeria’s economy.
The Group Head, Business Banking of the bank, George Ogbonnaya, said at this year’s International MSME Day that the support was very important to the financial institution as a major operator in the global business community.
He said, “We recognize the role of SMEs as catalysts for sustainable development. SMEs in Nigeria have what it takes to compete at the highest level in the international market, but without the requisite exposure and support, it can be very difficult to succeed.”