FCMB wins awards for impactful lending to MSMEs, sustainability efforts

First City Monument Bank (FCMB) has won two awards at the Development Bank of Nigeria (DBN) 2024 yearly lecture series and awards in Lagos. The bank was named the ‘Best Bank with the Highest Impact on MSMEs Accessing Credit for the First Time in Nigeria’ and the ‘Highest Disbursement to Sustainability Projects.’

The bank in a statement, said these awards highlighted its commitment to financial inclusion and sustainability in Nigeria. Between January and June 2024, FCMB disbursed loans worth N180 billion to over 800,000 MSMEs across various sectors, significantly bolstering their growth and resilience. This affirmed FCMB’s commitment to helping MSMEs succeed through specialized financial tools and support, ultimately boosting the nation’s economy and sustainability efforts.

Managing Director of FCMB, Mrs. Yemisi Edun, said: “As Nigeria’s MSMEs-friendly bank, we are honoured to win these awards and to continue leading the charge in supporting businesses across Nigeria. MSMEs are vital to economic development, and we are committed to providing them with the necessary financial and non-financial support to reach their full potential. Our efforts reflect our purpose of fostering inclusive and sustainable growth by creating a robust ecosystem that connects people, capital, and markets in Africa.”