Modupe Gbadeyanka
By Modupe Gbadeyanka
Stanbic IBTC Bank Plc has been applauded by traders, business owners and others for its SME Collab Market Storm initiative across major markets of the country.
From July 12 to August 14, 2023, the bank was at different markets to engage over 5,000 individuals, including entrepreneurs and local businesses, on some basic techniques to support their businesses.
Business Post gathered that the financial institution took this scheme, which is part of its comprehensive strategy to support entrepreneurs, to Ibadan, Abuja, Port Harcourt, and Onitsha.
Participants benefited from numerous activities like free FIRS tax registration, account opening, digital onboarding, and loan access education.
According to the lender, such support services will directly address the specific needs of businesses in these markets and help them access financial resources and opportunities.
The chief executive of Stanbic IBTC Bank, Mr Wole Adeniyi, explained that the programme was initiated because the bank recognised the immense potential of the enterprise market and has remained committed to supporting its customers, ensuring that its financial needs are met at every stage of their entrepreneurial journey.
“Our range of financial solutions, combined with our unparalleled expertise and tailored support, will enable these enterprises to overcome obstacles and maximise their growth potential.
“We expanded our digital solutions to ensure seamless banking experiences for entrepreneurs.
“Our enhanced Stanbic IBTC Enterprise Online platform provides entrepreneurs access to various banking services, empowering them to manage their finances efficiently from the comfort of their shops, offices or homes,” Mr Adeniyi stated.
He added that the Stanbic IBTC Enterprise Academy Workshop Series offered training and mentoring programmes, equipping entrepreneurs with the knowledge and tools necessary to navigate and excel in today’s market landscape.
Commenting on the initiative, the Chairman of Zone 1 Gbagi Market, Mr Sarumi Fatai, said, “We are pleased and grateful to Stanbic IBTC Bank for bringing this market storm initiative to our market.
“They have shown us that they care about our welfare and our businesses. They have given us access to loans, savings, insurance, and other financial services to help us grow and prosper. We thank them for their generosity and support.”
On his part, his counterpart at Kubwa Village Market in Abuja, Mr Casimir Obilor, noted that the lender “educated us on how to manage our finances, how to protect our assets, how to access credit and how to plan for the future.
“They have also rewarded us with gifts and prizes for opening accounts with them. We appreciate their kindness and partnership.”
As for the Chairman of Mile 3 Market in Port Harcourt, Rivers State, Mr Collins Owhonda Junior, Stanbic IBTC Bank brought a lot of value and opportunities that will make a difference in the lives and businesses of every market woman.
“They have provided us with solutions enabling us to save, borrow, invest, and insure our businesses,” he enthused.
