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LequteMan
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According to a new KPMG surve, First Bank, Nigeria’s largest lender by assets, is the most popular bank among MSMEs for both deposit transaction and credit/loan activities, BusinessDay reports:
First Bank was identified by 26 percent of SMEs as an institution where they currently have a loan or have obtained one in the past, with the next highest bank (UBA) being mentioned by10 percent of SMEs.
First Bank also was named by 36 percent of SMEs as the bank where they carry out their transactions.
According to KPMG, banks in Nigeria may have began, albeit cautiously, to identify the MSMEs as an important sector of the economy and are taking different steps to deepen their understanding and play in this segment.
click here to read more
#Nigeria #FirstBank #KPMG
First Bank was identified by 26 percent of SMEs as an institution where they currently have a loan or have obtained one in the past, with the next highest bank (UBA) being mentioned by10 percent of SMEs.
First Bank also was named by 36 percent of SMEs as the bank where they carry out their transactions.
According to KPMG, banks in Nigeria may have began, albeit cautiously, to identify the MSMEs as an important sector of the economy and are taking different steps to deepen their understanding and play in this segment.
click here to read more
#Nigeria #FirstBank #KPMG
