Fidelity Bank has said there are loans available for Small and Medium Enterprises (SMEs) with the aims of driving financial inclusion through agency banking.
Nneka Onyeali-Ikpe, Managing Director of the bank, said this during a media briefing in Lagos on Tuesday, even as she disclosed the bank’s plans for Nigeria’s economy.
“We intend to build a centre for SMEs free legal services in the event of going into any contract.
“We have loans for everybody, and we would also drive financial inclusion through our agency banking.
“We have advanced in technology and are adding more products to our platform. We encourage our customers to key into our digital process,” Onyeali-Ikpe said.
She said that despite the effects of the COVID-19 pandemic on the economy, new areas of growth were opened up to discerning investors.
According to her, Fidelity Bank would be focusing on doing business in the agriculture, healthcare, hospitals and diagnostic laboratory services, telecommunication, infrastructure, and technology sectors, especially fintech.
“We have seen growth in agriculture and we will continue to adequately explore the sector,” Onyeali-Ikpe said.
She noted that her target was to drive the bank to Tier 1 status within the shortest possible time, adding that it was already targeting a market share of 7.5 per cent with regard to deposits.
According to her, the bank has a seven-point agenda and intends to embark on an innovation drive through the implementation of new processes and techniques.
“The bank is also executing fresh ideas to ensure continuous process improvement, reduce the cost to serve, increase competitiveness, improve brand recognition and value, build new partnerships and relationships, drive turnover, and increase profitability.
“The bank’s digital transformation involves end-to-end digitisation across all facets of the business. In line with this, the bank has launched a novel digital service — Pay Yourself — which revolutionises payday for salary earners and SMEs,” Onyeali-Ikpe said.
