Sterling {Bank} has been named as a number one MSME Supporter on the 2024 Finance Awards.
PoliticalNews Nigeria studies that Sterling {Bank}, the main {financial} establishment dedicated to empowering small and medium enterprises, has been honoured with the distinguished MSME {Bank} of the Yr award on the 2024 MSME Finance Awards.
This Nigeria information platform gathered that the occasion, organized by Nairametrics and The {Economic} Discussion board Sequence, happened on Saturday twenty seventh September at Civic Centre, Victoria Island, recognizing excellence in supporting Nigeria’s vibrant MSME sector.
Mustapha Otaru, Chief Product Officer at Sterling {Bank} Ltd, expressed his enthusiasm: “This award is a testomony to Sterling {Bank}’s unwavering dedication to empowering MSMEs.
Our partnerships with SMEDAN and Databanc have been pivotal in our success. Prior to now yr, we’ve prolonged over N50 billion in loans to small companies and supported greater than 100,000 entrepreneurs via our numerous initiatives. This recognition fuels our willpower to proceed innovating and supporting the spine of Nigeria’s economic system.”
The MSME {Bank} of the Yr award underscores Sterling {Bank}’s modern method to MSME financing and its vital impression on fostering entrepreneurship. The {bank} additionally secured nominations in three extra classes: Finest in MSME Lending, Finest in MSME Partnership and Collaboration, and Finest in MSME {Financial} Inclusion ({Bank}).
Sterling {Bank}’s success within the MSME sector is pushed by its suite of tailor-made options designed to satisfy the distinctive wants of small and medium enterprises.
These embrace Specta, a digital lending platform offering fast entry to loans for companies; The Enterprise Hub, a complete digital useful resource heart providing advisory and worth add companies to SMEs; the strategic partnership with SMEDAN to facilitate single digit financing and improvement of Databanc for small companies throughout Nigeria; and Banca, a digital banking platform serving small companies with seamless {financial} administration instruments.
The MSME Finance Awards, an annual occasion that emerged from the Annual MSME and Begin-up Summit initiated by The {Economic} Discussion board Sequence in 2018, performs a vital function in recognizing and selling excellence within the MSME finance sector.
This prestigious program celebrates innovation and impression in bettering MSMEs’ entry to finance, highlighting achievements in {financial} inclusion, banking innovation, and assist companies for small companies.
Sterling {Bank}’s recognition at these awards underscores its vital contributions to empowering MSMEs and fostering entrepreneurship in Nigeria.