Wema Bank gets recognition for supporting SMEs

Oseni takes over as Wema Bank substantive MD

Wema Bank Plc has been recognised for its support to Small and Medium Enterprises by KPMG Nigeria.

A statement on Tuesday said the 2021 KPMG Nigeria Banking Industry Customer Experience Survey classified Wema Bank as number three in SME banking, which is three places higher than the bank’s 2020 classification.

It said, “Wema Bank has been consistent in its drive to support the growth and development of SMEs in the country.

Read:  Access Bank reaffirms support for youth entrepreneurship

“The bank has initiated several financial and advisory support programmes to boost SMEs, some of which include single digit loans for women, uncollateralised loans for SMEs, quarterly SME webinars, access-to-market initiatives, and a plethora of other advisory and support services.”

Wema Bank said in the last one year, it pioneered the establishment of the first bank-led SME business school in the country, aimed at boosting critical knowledge and capabilities for SMEs at no cost to beneficiaries.

According to the statement, the business school, which enjoys the support of Frankfurt School of Finance and Management, Germany, has reputable consultants and organisations such as Ernst & Young, MTN, Microsoft, Google, Agusto and others.

Read:  Firstbank rewards customers in Visa Gold Cashback Campaign

Commenting on the KPMG ranking, the Managing Director/Chief Executive Officer, Wema Bank, Ademola Adebise, said it was an affirmation of the bank’s commitment to the growth and wellbeing of SMEs as critical contributors to the economy.

Read:  Experts back CBN’s decision to retain 11.5% interest rate

” At Wema Bank, we recognise SMEs as an important part of the economy, and we are always on the lookout for their well-being. We are happy that the SMEs acknowledge our contributions, hence our ranking,” he added.


Related posts

E-payment transactions in Nigeria rise by 42% to N387 trillion in 2022.


MultiChoice yields to consumer yearnings with new DStv business packages


Infrastructure devt: FG grants N20bn tax waiver to NLNG


FCMB honoured at Global SME Finance summit, awards


Banks run out of new naira, demand soars


Naira exchange rates April 2023


Leave a Comment