Stanbic IBTC Bank has expressed a renewed commitment to supporting the growth of women in business.
In a statement on Monday, the bank said that Nigerian women in business play a vital role in Nigeria’s economy by driving innovation, creating jobs, and building resilient businesses.
Research from Mastercard published this year indicated that eight in ten (83 per cent) Nigerian women considered themselves entrepreneurs, which is far higher than the regional average of 51 per cent across Eastern Europe, the Middle East, and Africa.
The research titled ‘Empowerment for All’ highlighted the driving forces behind this wave of entrepreneurship, including financial independence, personal ambition, and the ability to turn brilliant ideas into reality.
Stanbic IBTC Bank indicated that one way it is offering support to female business owners is through its Blue Blossom Account, which is designed to help women overcome common financing challenges. It provides easier access to business finance in line with the Central Bank of Nigeria’s Sustainable Banking Principles. Women business owners enjoy zero current account maintenance fees, concessionary loan rates, and access to business clinic sessions.
“Stanbic IBTC Bank also offers lending solutions like SME Lite and SME EZ Cash. These options help women-led businesses secure working capital, fund expansion, or invest in new opportunities. With flexible terms and accessible financing, the bank is assisting more women to grow their businesses.
“Support goes beyond finance. Through its SME Collab customer value proposition, the bank offers training and curates events to help women manage their businesses and connect with other entrepreneurs. A key highlight is the Bloom Weekend, an empowerment event that brings together thousands of women entrepreneurs, professionals, and leaders. The event features masterclasses, financial advisory, and a vibrant trade fair where women showcase their businesses. It also provides an avenue for networking and having fun,” read part of the statement.
By focusing on women-led businesses, Stanbic IBTC Bank said it is helping to build a more inclusive and vibrant economy.
“Supporting women is not just the right thing to do; it’s a smart investment in Nigeria’s future,” the lender asserted.
