Fidelity Bank disburses N59bn to start-ups, gets awards
FIDELITY Bank Plc, has been recognised for its efforts at growing the economy, particularly in supporting the real sector.
It stated that it had disbursed N50bn for farm start-up, expansion and consolidation, among others.
A statement said the bank received two awards at the 11th annual Bankers’ Committee retreat at ogere, ogun State recently.
It stated that the awards were bestowed on the bank for its leadership role in the ongoing efforts to strengthen Nigeria’s agricultural value-chain as well as its commitment to promoting women economic empowerment.
organised by the Central Bank of Nigeria, the twoday retreat was themed ‘Delivering inclusive growth: leveraging digital finance,’ and was attended by chief executives of commercial banks and other stakeholders in the financial services industry, to articulate and strategise on initiatives for economic development and specific growth imperatives of the financial system.
“The bank emerged winner in two categories, securing second place in the ‘Sustainable Agricultural Transaction of the Year Award,’ and third position as the ‘Best Bank in 2019 in Women Economic Empowerment,” it stated.
Fidelity Bank won the award on Sustainable Agricultural Transaction, for its compliance with the sustainable banking principles as mandated by the regulator of the financial services industry.
The bank stated that its sustained focus on economic empowerment and SME funding, which led to its increased support for female businesses, made it to win the award on Women Economic Empowerment.
The Deputy Governor, Economic Policy, CBN, Dr. Joseph Nnanna, presented the awards to the Managing Director/chief Executive Officer, Fidelity Bank Plc, Nnamdi okonkwo.
okonkwo, who attributed the awards to the support of the board, management and entire staff of the bank, said that the initiatives being implemented by the lender, particularly as it related to growing the agriculture and nonoil exports sector were yielding the desired result, hence this recognition.
He stated that the lender had provided finance in excess of N50bn for farm start-up, expansion and consolidation, among others. According to him, Fidelity remained one of the leading disbursement banks of the CBN Commercial Agric. Credit Scheme.