• Saturday, May 18, 2024
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Fidelity Bank seen as player in sustaining economic recovery

Fidelity bank

Following its sustained efforts towards the growth of Small and Medium Enterprises (SMEs), Fidelity Bank Plc has been described as a critical player in sustaining the recovery of the Nigerian economy from recession.

“The banking sector remains the cashflow engine for all the sectors of the economy and this makes Fidelity Bank a critical player in sustaining recovery of the Nigerian economy from recession”, Nike Akande, president, Lagos Chamber of Commerce and Industry (LCCI) said at the Fidelity Bank special day at the just concluded Lagos International Trade Fair.

Speaking at the fair, Nnamdi Okonkwo, managing director/CEO of the banks said in the coming weeks, the bank would be attaining another feat in the SME space in Nigeria, when it becomes the first bank to tap into a billion-naira funds for on-lending to SMEs.

Represented by Chijioke Ugochukwu, executive director, shared services, he reiterated the commitment of the bank towards delivering quality products and services to its numerous customers.

Okonkwo said Fidelity Bank is very proud in its partnership with the Nigeria Export Promotion Council and the Lagos Business School in promoting the non-oil sector.

He said the bank is well positioned to serve its customers from any form of banking channel. Fidelity Bank branch has an average of between four to six ATMs at the minimum. In some cases, the bank has up to 10 ATMs at a branch which allows customers to spend less time on the queue.

The bank’s alternative banking solutions, especially its electronic banking channels deliver convenience to customers. Fidelity bank is highly diversified, which according to Okonkwo has seen the bank won several awards in the country. At the Lagos Fair, the bank gave out a total of N3.25 million to winners in its savings reward scheme.

The bank chief encouraged participants at the fair to take advantage of its ongoing saving promo known as the ‘Get Alert in Millions Reloaded, which aimed at promoting savings culture among Nigerians.

The promo which will end in March 2018 is the seventh in the series of promotions organised by the bank and is expected to see a total prize money of N110 million given out to winners.

“This is Fidelity Bank’s contribution to the Central Bank of Nigeria (CBN)’s financial inclusion strategy and in a week time, we would be giving out the sum of N15 million as part of cash prizes,”Okonkwo said.