Fidelity Bank raises N30bn to boost lending to SME

Fidelity Bank has begun taking steps to raise N30 billion for the purpose of increasing lending to Small and Medium Enterprises (SMEs).

Applications for the bonds will commence and also close on Thursday, May 14, 2015.

According to the bank’s Chairman, Christopher Ezeh the bonds are being offered in order to fund the long term financial activities of the bank, especially in the Small and Medium sector of the economy.

He said further that the bonds are fully and firmly underwritten.