First Bank of Nigeria establishes SMEs accounts to promote growth and development in the sector


First Bank of Nigeria Limited has launched its Small and Medium Enterprise (SME) specific accounts designed to reinforce its role in putting SMEs at an advantage whilst contributing to national growth and development.

The SME accounts, which are in two variants – FirstSME Classic and FirstSME Deluxe, are offered to SMEs, irrespective of industry, and tailored to have SMEs exposed to a wide range of services and opportunities that are essential for their continued growth and role in contributing to national development.

“FirstBank is delighted to unlock several opportunities for SMEs to thrive. Our FirstSME account is one of the numerous opportunities designed to empower SMEs to continually drive impact as the backbone and contributors to employment and economic growth,” said Chief Executive Officer of FirstBank, Dr. Adesola Adeduntan.

“Being woven into the fabric of the society for close to 127 years means that we remain at the forefront of providing the desired financial products and services to fit the needs unique to the SMEs as well as facilitating the requisite tools and resources to efficiently and effectively drive business sustainability and expansion strategies essential to taking SMEs to the next level.”

The advantages and features of these accounts include access to Temporary OverDrafts (TODs) and other facilities subject to meeting Risk Adjustment Capital (RAC) of each product; immediate enrolment on all digital platforms; free access to FirstBank SME events; free access to extensive business promotional and networking opportunities on the SMEConnect portal; access to a wide range of discounted and promotional offers.

Amongst the many opportunities available to holders of FirstSME account is the SMEConnect initiative of FirstBank which is a platform through which SMEs access the bank’s unique propositions that will equip them with the essential tools needed for the growth of their business.

The SMEConnect portal is also designed to help SMEs identify various gaps that hinder their business growth.

Read more...https://media.getfundedafrica.com/2021/03/03/first-bank-of-nigeria-establishes-smes-accounts-to-promote-growth-and-development-in-the-sector/