Fidelity Bank said it has set aside funds to enhance capacity of Small and Medium Enterprises (SMEs).
It said it has made loans available to drive financial inclusion through agency banking.
The Managing Director, Nneka Onyeali-Ikpe, said this during a media briefing on Tuesday in Lagos as she revealed the bank’s plans for the country’s economy.
Onyeali-Ikpe said, “We intend to build a centre for SMEs free legal services in the event of going into any contract.
“We have loans for everybody, and we would also drive financial inclusion through our agency banking. We have advanced in technology and are adding more products to our platform. We encourage our customers to key into our digital process.”
She said despite the effects of the COVID-19 pandemic on the economy, new areas of growth were opened up to discerning investors.
She said Fidelity Bank would be focusing on doing business in the agriculture, healthcare, hospitals and diagnostic laboratory services, telecommunication, infrastructure and technology sectors, especially fintech.
“We have seen growth in agriculture and we will continue to adequately explore the sector,” Onyeali-Ikpe said.
She said her target was to drive the bank to Tier 1 status within the shortest possible time, adding that it was already targeting market share of 7.5 per cent with regard to deposit.
According to her, the bank has a seven-point agenda, and intends to embark on an innovation drive through the implementation of new processes and techniques.
She said, “The bank is also executing fresh ideas to ensure continuous process improvement, reduce cost to serve, increase competitiveness, improve brand recognition and value, build new partnerships and relationships, drive turnover, and increase profitability.
“The bank’s digital transformation involves an end-to-end digitisation across all facets of the business. In line with this, the bank has launched a novel digital service — Pay Yourself — which revolutionises payday for salary earners and SMEs.”