First City Monument Bank (FCMB), a prominent advocate for small and medium-sized enterprises (SMEs) in Nigeria, has provided credit exceeding N1.343 trillion to over 98,000 SMEs across various sectors since 2018.

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Notably, N3 billion of this credit has been allocated to more than 50 firms dedicated to advancing clean energy solutions. In recognition of FCMB’s outstanding contributions, the Development Bank of Nigeria (DBN) honored the bank at its 2023 Service Ambassadors Awards in Lagos.

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The bank received awards for being the “Deposit Money Bank with the Highest Impact in the DBN Focus States” and the “Participating Financial Institution with the Highest Disbursement to Green Projects.” These accolades underscore FCMB’s commitment to impactful lending, actively fostering economic growth and employment opportunities throughout Nigeria.

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Mrs. Yemisi Edun, the Managing Director of First City Monument Bank, expressed gratitude for the awards and highlighted FCMB’s partnership with the Development Bank of Nigeria in empowering SMEs to scale up and contribute significantly to Nigeria’s economic development. She emphasized FCMB’s dedication to meeting customer expectations and supporting the broader business community.

The bank aims to provide training to over 1 million SMEs through Technical Assistance valued at €325,000 granted by Proparco and $275,000 from the African Development Bank (AfDB). These initiatives will facilitate the onboarding and empowerment of SMEs, especially women entrepreneurs, under FCMB’s SheVentures proposition, and those operating in high-impact sectors such as agriculture, renewable energy, and digital innovation.

First City Monument Bank, a member of the bank Group Plc, remains steadfast in its commitment to fostering inclusive and sustainable growth within its communities. The bank aspires to build a supportive ecosystem rooted in Africa, connecting people, capital, and markets to drive economic progress.

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