Banking, Economy & Money

Stanbic IBTC Bank Supports SME Growth and Development with SME Collab Market Storms in Major Nigerian Cities

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC and a renowned financial institution in Nigeria, has recently concluded a series of highly successful market storm events. The remarkable events drew an impressive turnout of more than 5,000 individuals, including entrepreneurs and local businesses. The participants who gathered with enthusiasm engaged with Stanbic IBTC Bank and its wide array of banking products and services.

The recently concluded SME Collab Market Storm events which took place between 13 July and 14 August spanned across major cities in the country, including Ibadan, Abuja, Port Harcourt, and Onitsha. The initiative was a part of Stanbic IBTC Bank’s comprehensive strategy to support entrepreneurs.

During the events, participants benefited from numerous activities that will facilitate SME growth in the respective locations. These included free FIRS tax registration, account opening, digital onboarding, and loan access education. Such support services will directly address the specific needs of businesses in these markets, and help them access financial resources and opportunities.

Market leaders could not hold back their admiration for Stanbic IBTC Bank’s commitment to empowering SMEs. Their testimonies and endorsements confirmed the Bank’s significant impact and ability to connect with the local business community.

Comrade Sarumi Fatai, Chairman of Zone 1 Gbagi Market, said, “We are pleased and grateful to Stanbic IBTC Bank for bringing this market storm initiative to our market. They have shown us that they care about our welfare and our businesses. They have given us access to loans, savings, insurance, and other financial services to help us grow and prosper. We thank them for their generosity and support.”

Casimir Obilor, Chairman of Kubwa Village Market in Abuja, stated that Stanbic IBTC Bank stormed the Kubwa market with amazing offers and benefits they could not afford to miss. “They educated us on how to manage our finances, how to protect our assets, how to access credit and how to plan for the future. They have also rewarded us with gifts and prizes for opening accounts with them. We appreciate their kindness and partnership.”

Likewise, Collins Owhonda Junior, Chairman of Mile 3 Market in Port Harcourt, was delighted and impressed by Stanbic IBTC Bank’s market storm initiative. He said the Bank brought a lot of value and opportunities that will make a difference in the lives and businesses of every market woman. “They have provided us with solutions enabling us to save, borrow, invest, and insure our businesses.” He added.

Furthermore, it was noteworthy that other subsidiaries under the Stanbic IBTC umbrella, including Stanbic IBTC Insurance, Pension, and Asset Management, actively participated in the market storm events. This collaboration demonstrates the Bank’s holistic approach to providing various financial solutions to cater to every aspect of SME growth.

While speaking about the success of the market storms, Wole Adeniyi, Chief Executive of Stanbic IBTC Bank, stated that the Bank recognised the immense potential of the enterprise market and has remained committed to supporting its customers, ensuring that its financial needs are met at every stage of their entrepreneurial journey.

Wole stated, “Our range of financial solutions, combined with our unparalleled expertise and tailored support, will enable these enterprises to overcome obstacles and maximise their growth potential. We expanded our digital solutions to ensure seamless banking experiences for entrepreneurs. Our enhanced Stanbic IBTC Enterprise Online platform provides entrepreneurs access to various banking services, empowering them to manage their finances efficiently from the comfort of their shops, offices or homes.

Wole added that the Stanbic IBTC Enterprise Academy Workshop Series offered training and mentoring programmes, equipping entrepreneurs with the knowledge and tools necessary to navigate and excel in today’s market landscape.

Stanbic IBTC Bank has, once again, demonstrated its commitment to empowering emerging businesses in the Nigerian market. The success of the SME Collab Market Storm further reinforced the Bank’s dedication to driving economic growth by equipping entrepreneurs with the necessary tools and resources for success. The Stanbic IBTC Bank team has promised to continue to reach more business owners nationwide.

As the Bank progresses, entrepreneurs and local businesses are encouraged to anticipate more upcoming opportunities for growth and development. The forthcoming Stanbic IBTC Enterprise Academy SME training will equip participants with the knowledge and skills crucial for building sustainable businesses. Additionally, the Bank will continue unveiling customer value propositions that offer continuous support and financial resources to bolster businesses.

Stanbic IBTC Bank remains committed to driving economic growth and facilitating the success of SMEs across Nigeria. The SME Collab market storms are a clear testament to the Bank’s dedication to creating an enabling environment for entrepreneurs.

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