First City Monument Bank (FCMB) has been named Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN). The recognition was announced at the 60th Annual Bankers Dinner held in Lagos on November 28.
The award reflects FCMB’s leading position in the SME sector, with the bank accounting for 24 percent of the banking industry’s total SME disbursements of ₦1.8 trillion in 2024. The selection was based on industry-wide lending data from the Central Bank of Nigeria, which tracks financial institutions’ contributions to enterprise development.
According to the Nigerian Gross Domestic Product Report for the third quarter of 2024, FCMB’s investments align with key growth sectors, including crop production, trade, telecommunications, real estate, and food and beverages.
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In addition to financing, the bank provides training, advisory services and partnerships designed to help entrepreneurs manage challenges and expand their businesses. FCMB’s Managing Director, Yemisi Edun, was represented at the event by Executive Director of Wholesale Banking, Obaro Odeghe.
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