Stanbic IBTC Holdings Plc has said it plans to introduce solutions to support businesses in the country in 2021.
It said this in a statement on Monday titled ‘Stanbic IBTC supports businesses with bouquet of solutions’.
The solutions were geared towards providing access to flexible funding for small, medium and large-scale enterprises thereby addressing inadequate access to capital, exposure to international markets and inherent challenges plaguing local and international trade, it stated.
The statement said the solutions would also allow organisations to take advantage of joint partnerships without the risk of losing capital and benefit from medium to long term investment solutions that helped businesses in maximising their resources.
Commenting on the offerings, the Chief Executive, Stanbic IBTC Bank Plc, Wole Adeniyi, said the solutions were designed to support SMEs and address its customers’ trade and financial needs.
“Over the years, Stanbic IBTC Holdings Plc, as Nigeria’s leading end-to-end financial services provider, has remained at the forefront of providing financial solutions to business enterprises in the country, while offering Nigerian importers access to its global presence through its Africa China Agent Proposition,” Adeniyi said.
Targeted at business owners who import goods from China or have trade dealings with China, he said ACAP, through Stanbic IBTC Bank Plc, links Nigerian importers to Chinese exporters, facilitates payments and ensures the successful completion of their trade dealings.
Adeniyi said, “Leveraging Stanbic IBTC’s network of Chinese agents, with client satisfaction being the cornerstone, ACAP offers a broad ecosystem of services, solutions and support, which equips African and Chinese businesses to leverage trade and growth opportunities to drive Africa’s growth.
“The ACAP solution, which has been termed ‘game-changer’, eases the cash flow worries of African importers by providing access to finance, while also empowering the importers to have end-to-end visibility of the entire importation and logistic process.”
It added that the Stanbic IBTC Trade Club offered business owners exposure to meet and trade with suppliers anywhere in the world, giving them the needed exposure for their businesses to thrive.