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Skye Bank pledges advisory, innovative support to women in business


IN furtherance of its commitment towards encouraging women in business to succeed, Skye Bank Plc. has pledged to provide female entrepreneurs and professionals with necessary advisory and technical support services and other innovative products/solutions meant to build their capacity and advance their enterprise.

  The Executive Director, South South/South East, Skye Bank Plc. Mrs. Ibiye Ekong, made this promise at a well-attended interactive session with women in business organized by the bank in Lagos on Tuesday.

   Ekong noted that women were known to be better business managers than men, citing the low default rate among female borrowers to their male counterparts. 

  She said women were not known for diverting loans to other uses other than what they are meant for and assured that the bank would work to ensure that customized products and banking solutions are developed for them.

  In a question and answers sessions, the ED noted that women in business have been shying away from taking loans to expand their business owing to ignorance and absence of collateral facilities and other factors. She also said the forum would enable the bank to know how to prepare the businesswomen to qualify for loans.

  The Skye Bank director said the Central Bank of Nigeria (CBN) and the Bank of Industry’s interventions through the SMEs loan scheme would assist women to grow their businesses and contribute to employment creation in the country.

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