Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has concluded the SME Collab Market Storm, among a series of market storm events, which drew a turnout of more than 5,000 individuals, including entrepreneurs and local businesses.
The participants engaged with Stanbic IBTC Bank and its wide array of banking products and services.
The SME Collab Market Storm events were held between 13th July and 14th August across major cities in the country, including Ibadan, Abuja, Port Harcourt, and Onitsha. The initiative was a part of Stanbic IBTC Bank’s comprehensive strategy to support entrepreneurs.
Participants benefited from numerous activities that will facilitate SME growth in the respective locations. These included free tax registration with the Federal Inland Revenue Service, account opening, digital onboarding, and loan access education. Such support services directly address the specific needs of businesses in these markets, and help them access financial resources and opportunities.
Market leaders could not hold back their admiration for Stanbic IBTC Bank’s commitment to empowering SMEs. Their testimonies and endorsements confirmed the bank’s significant impact and ability to connect with the local business community.
Chairman of Zone 1 Gbagi Market, Comrade 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”.
Chairman of Kubwa Village Market in Abuja, Casimir Obilor stated that Stanbic IBTC Bank stormed the Kubwa market with amazing offers and benefits they could not afford to miss. “They 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”, he said.
Also, Chairman of Mile 3 Market in Port Harcourt, Collins Owhonda Jr., was delighted and impressed by Stanbic IBTC Bank’s market storm initiative. He said the 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 added.
Other subsidiaries under the Stanbic IBTC umbrella, including Stanbic IBTC Insurance, Pension, and Asset Management actively participated in the market storm events, which demonstrated the bank’s holistic approach to providing various financial solutions to cater to every aspect of SME growth.
On the success of the market storms, Chief Executive of Stanbic IBTC Bank, Wole Adeniyi said that 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.
He further said: “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”.
Adeniyi 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.
Stanbic IBTC encourages entrepreneurs and local businesses to anticipate in more upcoming opportunities for growth and development. It assured that the forthcoming Stanbic IBTC Enterprise Academy SME training would equip participants with the knowledge and skills crucial for building sustainable businesses.
