FCMB Named Nigeria’s Best SME-Focused Bank 2025, Leading N1.8 Trillion SME Disbursements

First City Monument Bank (FCMB) has been recognised as Nigeria’s Best SME-Focused Bank for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN). The accolade highlights FCMB’s outstanding contribution to small and medium-sized enterprises (SMEs) in the country, positioning the bank as a key player in Nigeria’s economic growth.

The recognition comes as FCMB commands a remarkable 24% share of the banking industry’s total N1.8 trillion SME disbursement in 2024. These investments primarily target high-performing sectors, including crop production, trade, and telecommunications, which together represent some of the strongest contributors to Nigeria’s GDP.

FCMB’s commitment goes beyond funding. The bank provides training programs, advisory services, and strategic partnerships designed to help SMEs navigate challenges and scale sustainably. This holistic support reflects the bank’s vision of empowering entrepreneurs who form the backbone of Nigeria’s economy.

Speaking at the 60th Annual Bankers Dinner in Lagos, Obaro Odeghe, Executive Director of Wholesale Banking at FCMB, said the award affirms the bank’s dedication to SMEs: “We are truly honoured to be recognised by CIBN. We will continue to provide accessible finance, technology, and expert advice to help Nigerian entrepreneurs grow and contribute to national development.”

The award adds to FCMB’s growing list of accolades, including recognitions from The Mastercard Foundation, the Global SME Finance Forum/IFC, and the Development Bank of Nigeria. By consistently promoting financial inclusion and facilitating access to credit, FCMB strengthens the SME ecosystem, driving productivity, innovation, and inclusive growth across the nation.

source: nairametrics