Standard Chartered Bank launches SME month


The Standard Chartered Bank has announced the launch of its 2009 Africa SME Month. The programme will run throughout October, and will provide a platform to significantly deepen the bank's understanding of its Small and Medium Enterprises customers' requirements and to drive their continued development.

The bank believes the SMEs sector in Africa currently accounts for between 30 to 60 per cent of the Gross Domestic Product, saying it will be a key driver of sustainable economic growth in the continent within the next decade.

Richard Wright, head of SME Africa, said: "Standard Chartered Bank recognises the significant contribution SMEs are making to the economy of Nigeria, especially in addressing the key challenges of sustainable economic development and wealth creation. We remain absolutely committed to assisting the development of the SME sector in Africa."

The bank says it will also focus on driving the initiative, assisting African SMEs to do business with other markets such as China and the United Arab Emirates, through the provision of various value-added financial services.

Christopher Knight, the managing director and chief executive officer of Standard Chartered Bank, Nigeria, said the bank will continue to be the right partner to its customers by providing more branches and channels to access the world class products and services that the bank is known for globally.


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