Top lender Fidelity Bank Plc, Nigeria\u2019s fastest growing bank has been
\nrecognised for its efforts at growing the economy particularly its
\nsupporting the real sector\u00a0 \u00a0The bank received 2 awards to the effect at
\nthe 11th Annual Bankers\u2019 Committee Retreat which held at Ogere, Ogun
\nState at the weekend. The awards were bestowed on the bank for its
\nleadership role in the ongoing efforts to strengthen Nigeria\u2019s
\nagricultural value-chain as well as its staunch\u00a0 commitment to promoting
\nwomen economic empowerment.<\/p>\n
Organised by the Central Bank of Nigeria (CBN), the two-day retreat was
\nthemed \u201cDelivering Inclusive Growth: Leveraging Digital Finance\u201d and
\nbrought together Chief Executives of Commercial Banks and other
\nstakeholders in the financial services industry to articulate and
\nstrategise on initiatives for economic development and specific growth
\nimperatives of the financial system.<\/p>\n
The bank emerged winner in two categories, securing second place in the
\n\u2018Sustainable Agricultural Transaction of the Year Award,\u2019 and third
\nposition as the \u2018Best Bank in 2019 in Women Economic Empowerment.\u2019<\/p>\n
Fidelity Bank won the award on Sustainable Agricultural Transaction, for
\nits compliance with the sustainable banking principles as mandated by
\nthe regulator of the financial services industry.<\/p>\n
On the other hand, the bank\u2019s sustained focus on economic empowerment
\nand SME funding, which led to its increased support for female
\nbusinesses, made it to win the award on Women Economic Empowerment.<\/p>\n
The Deputy Governor, Economic Policy, CBN, Dr. Joseph Nnanna, presented
\nthe awards to the Managing Director\/Chief Executive Officer, Fidelity
\nBank Plc, Nnamdi Okonkwo.<\/p>\n
Okonkwo, who attributed the awards to the support of the board,
\nmanagement and entire staff of the bank, pointed out that the
\ninitiatives being implemented by the lender particularly as it relates
\nto growing the agriculture and non-oil exports sector were yielding the
\ndesired result, hence this recognition.<\/p>\n
He stated that the lender has provided finance in excess of N50 billion
\nfor farm start-up, expansion and consolidation, among others. According
\nto him, Fidelity remains one of the leading disbursement banks of the
\nCBN Commercial Agric. Credit Scheme (CACS). \u201cOver N20 billion has been
\ndisbursed to by the bank, resulting in employment generation and
\neconomic growth\u201d, he stated.<\/p>\n
Okonkwo promised that the bank would not relent in its efforts to
\nimprove access to capital, provide technical assistance, and invest in
\nprojects that support women and women-led SMEs, in line with CBN\u2019s
\nfinancial inclusion policy. \u201cResearch have shown that increasing women\u2019s
\nparticipation in the economy would boost economic output and benefit
\ngenerations to come\u201d he explained further.<\/p>\n
Fidelity Bank is a full-fledged commercial bank operating in Nigeria
\nwith over 5 million customers that are serviced across its 250 business
\noffices and various digital banking channels.<\/p>\n
The bank focuses on select niche corporate banking sectors as well as
\nMicro Small and Medium Enterprises (MSMEs) and its currently driving its
\nretail banking businesses through its robust digital banking channels.<\/p>\n
Top lender Fidelity Bank Plc, Nigeria\u2019s fastest growing bank has been recognised for its efforts at growing the economy particularly its supporting the real sector\u00a0 \u00a0The bank received 2 awards…<\/p>\n","protected":false},"author":1,"featured_media":70981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-70979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-news"],"yoast_head":"\n