STANBIC IBTC BANK UNVEILS CAMPAIGN TO SUPPORT SME OPERATORS

Wow!!! This is a good development for budding entrepreneurs. Stanbic IBTC Bank says it has unveiled a nationwide campaign to support the operators of Small and Medium-scale Enterprises in the quest to grow their businesses.

Tectono Business Review gathered that the support, which involved business term loans, vehicle and asset finance, to distributor finance, import and export finance, trader loans and agriculture finance, among others, had been developed to drive the growth and profitability of the SMEs, the bank said in a statement.

The Executive Director, Personal and Business Banking, Obinnia Abajue, said following the launch of a television commercial, the bank was prepared to give loans to businesses, small, medium, or big, as long as they had prospect and were well structured. According to him, mobilizing capital for investment in the economy was a key factor in Stanbic IBTC Bank’s commitment to providing financial solutions to help clients to meet their business objectives.

He urged the SMEs to adopt a professional approach to managing their businesses, ensuring standard and proper record keeping, if they hoped to get the support of banks to grow their businesses.

In the TVC, which is part of an integrated marketing campaign on radio, television, advertising, press, and outdoor, Stanbic IBTC Bank outlined opportunities through which it can help people and businesses across the SME value chain to accomplish their goals, the statement said.

Tectono Business Review urges other companies, especially banks, to take a cue from Stanbic IBTC Bank. All the business schools across the globe teach that small and medium-scale enterprise is the engine room and lifeblood of the economy of every nation. Let them not be neglected.

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