We are pleased to inform you that the International Finance Corporation (IFC), a member of the World Bank Group has announced a $50 million loan to FCMB to help us expand lending to small and medium enterprises (SMEs), so they can sustain business activities disrupted by the COVID-19 pandemic.

The loan, made through IFC’s COVID-19 fast-track financing support package, reflects IFC’s commitment to Nigeria’s private sector following the severe challenges brought by the health and economic crisis. The funds will allow FCMB support hundreds of businesses with trade financing and working capital loans.

IFC’s $8 billion global COVID-19 fast track facility was launched in March 2020 to support existing clients through direct lending to affected companies and to financial institutions so they can continue lending to their clients and help to preserve and create jobs.

For further enquiries and clarifications, please send an email to InternationalFunding@fcmb.com and BusinessBankingGroup@fcmb.com.