FCMB Recognized as Nigeria’s Leading SME Bank for 2025 – CIBN
First City Monument Bank (FCMB) has been officially named Nigeria’s “Best SME-Focused Bank” for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN). The award was presented during the institute’s 60th Annual Bankers Dinner held in Lagos, acknowledging the bank’s significant contribution to supporting small and medium-sized enterprises (SMEs) across the country.
The recognition is supported by FCMB’s commanding 24 percent share of the banking industry’s total ₦1.8 trillion SME lending in 2024, highlighting the bank’s pivotal role in financing Nigeria’s entrepreneurial ecosystem. Its focus spans key economic sectors, including agriculture, trade, telecommunications, real estate, and the food, beverage, and tobacco industries — all considered critical to the nation’s economic growth and job creation.
Beyond funding, FCMB provides holistic support to SMEs through training programs, advisory services, and strategic partnerships, helping businesses navigate operational challenges and scale sustainably.
Speaking at the event, FCMB’s Executive Director of Wholesale Banking, Obaro Odeghe, representing Managing Director and CEO Yemisi Edun, remarked:
“We are truly honoured to be recognized by the CIBN, This recognition affirms our purpose as an institution committed to making a meaningful difference in the lives of Nigerian entrepreneurs. We will continue to support SMEs with accessible finance, technology, and expert advice to grow. By strengthening these businesses, we drive productivity and contribute directly to national development.”
Read also: How Smart Banks Are Powering the Growth of Nigeria’s Small Businesses
The award further consolidates FCMB’s reputation as a leading financial institution dedicated to SME’s Growth financial inclusion, and sustainable economic development in Nigeria.
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