FCMB doles out N59bn digital loans to customers

By Faruk Shuaibu

The First City Monument Bank (FCMB) said it has disbursed N59 billion loans through its instant loan solution, FastCash.

In a statement yesterday, the bank said it has attained a twomillionth loan disbursement that has helped customers to meet their urgent financial needs and achieve their short-term objectives.

It added that FastCash closes access to the finance gap in Nigeria and ensures the well-being of a Nigerian household.

The Divisional Head, Personal Banking of FCMB, Mr Shamsideen Fashola said: “The amount of trust placed in FastCash by our customers is humbling. We will continue improving on this product to deliver an exceptional customer experience.”

FCMB said it also offers a Salary Plus Loan where its customers have access to short or mediumterm funding before salaries to meet urgent needs.

“In vast numbers, Nigerians have adopted FastCash and SalaryPlus. Both products have proven to be excellent solutions for those in need of sudden cash during these challenging times, affirming FCMB’s commitment to products and services that close the access to credit gap for all strata of Nigerian society,” the bank stated.