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Fidelity Bank reveals SMEs don’t have NPLs, disburses N2.3bn to 102
In keeping with its customer care and small business empowerment, Fidelity Bank Plc has disbursed about N2.3 billion of SMEs funds to 102 customers, out of which about N400 million had been repaid so far.
Giving a rundown of the programme, Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo said contrary to popular beliefs, bad loans in their bank are not usually caused by SMEs, just as he stated that the bank’s customers are always regarded as kings in their establishment.
Explaining more during a recent Customer Forum held at Owerri, the Imo State capital, Okonkwo disclosed that Fidelity Bank was passionate about supporting businesses to succeed just as he apologised to customers for any inconveniences they experience banking with them.
Participants including the Chief Executive Officer of ABC Transport, Mr. Frank Nneji; Deputy Speaker of the Imo State House of Assembly, Hon Ugonna Ozuruigbo; Imo Minority Leader, Hon Kenneth Agbim; Traditional Ruler of Awo Idemili community, Eze Innocent; seasoned Journalist, Chief Chidi Nkwopara amongst others called for better services and Saturday banking to help secure funds.
Many of the SMEs at the programme were given strategic growth advice for finance management and growth.