Fidelity to partner Development Bank Ghana to support sustainable growth of SMEs

Accra, July 28, GNA – Fidelity Bank, the largest privately-owned Ghanaian bank, has pledged to boost its support for the growth of Small and Medium Enterprises (SMEs) through a partnership with the Development Bank Ghana.

Mr Julian Opuni, the Managing Director of the Bank said this during an engagement with Editors from key media houses in Accra.

He explained that the SMEs would be given the needed financial backing to make them grow sustainably.

Mr Opuni said that the Bank would intensify programmes, such as the Fidelity SME Academy and Fidelity Young Entrepreneurs Fund through its partnership with the Development Bank Ghana “as a means to provide further financial muscle to the nation’s vibrant and growing SME sector.”

He explained: “As the largest privately-owned Ghanaian bank, we feel we have an even larger role to play in the SME space. We have, therefore, over the years invested in this area.”

“Accordingly, we established the Fidelity SME Academy to help SMEs build their capacity. We also launched the Fidelity Young Entrepreneurs Fund to support youth-led businesses with access to finance and non-finance resources among many other initiatives,” Mr Opuni added.

He highlighted the success of the Bank and attributed it to the ethics established by its founders as a customer-centric approach and a commitment to creating value for all stakeholders.

He added that: “Fidelity’s success story proves that Ghanaians can achieve global standards of excellence right here in Ghana with the right mindset, focus and determination.”

The Managing Director also said that the successes achieved were made possible because of the collaborative efforts of the management team, staff, and all stakeholders of Fidelity Bank Ghana.

He hinted that the Bank in the coming weeks would launch a social impact initiative dubbed: the “Orange Impact” in line with its culture of giving back to society to appreciate Ghanaians for keeping faith with the Fidelity Bank.

Mr Opuni commended the media for its unflinching support to the Bank throughout its 15-year journey, noting that with their continued support, the Bank would rise and emerge as a dominant continental and global force in the few years.

He said: “We value the work you do as the media because we acknowledge that without your support, we may never have been able to publicise our products and services as well as the good work we do for our customers and Ghanaians in general.”

Fidelity started as a company that buys and sells bills of exchange in October 1998, obtained a license to operate as a universal bank in June 2006, and currently serves about two million customers in 75 branches across Ghana.

GNA