First City Monument Bank, FCMB, has received another global commendation for its consistent and outstanding support towards the growth of Small and Medium Scale Enterprises, SMEs, in Nigeria.
Last week in the United States of America, the SME friendly Bank received honourable mentions and certificates in two prestigious award categories –
“SME Financier of the Year” and “Best Bank for Women Entrepreneurs” – at the highly competitive Global SME Finance Summit and Awards 2021 organised by the International Finance Corporation, IFC, a member of the World Bank Group.
According to the IFC, the honourable mention of FCMB in the “SME Financier of the Year” award category is in recognition of the Bank’s outstanding service to businesses operating in International Development Association, IDA, countries and fragile and conflict-affected situations.
In addition, in the “Best Bank for Women Entrepreneurs” category, FCMB was commended for offering exceptional services, including funding and capacity building, to women-owned businesses. Endorsed by G20’s Global Partnership for Financial Inclusion, GPFI, and the SME Finance Forum, the Global SME Finance Awards was launched in 2018.
It celebrates the outstanding achievements of financial institutions and fintech companies in delivering exceptional products and services to their SME clients that have achieved impressive results.
Speaking on this year’s summit and awards, the CEO of the Forum, Matthew Gamser, said, “Every year we see more and more impressive institutions doing incredible things to help improve SMEs’ access to finance.
We see great innovations, we see new opportunities for redressing past imbalances due to gender, age and other inequities, and we see new ways to put the customer first and ensure that financing is responsible and truly beneficial.
The 2021 competition brings us more of the same – bigger innovations, bigger achievements, and bigger potential”..
Commenting on the global recognition, Managing Director of FCMB, Yemisi Edun, said, “once again, it confirms our commitment to national development through peerless support for the sector driving industrialisation, job and wealth creation.”
Edun thanked the IFC and Global SME Finance Forum for considering FCMB worthy of the honourable mentions among the several financial institutions that submitted entries.
Two months after, FCMB scooped five awards at the Service Ambassadors’ Programme organised by the Development Bank of Nigeria, DBN. These were “Platinum Award” and “Best Participating Financial Institution with Most Impact on Total End-Borrowers Financed 2020”. In addition, three employees of the Bank won Service Ambassador Awards at the event.