FNB Business says it aims to increase and diversify its existing levels of support for SMEs in line with the objectives of the National Development Plan.<\/p>\n
The bank is implementing strategy that supports government\u2019s national imperatives to accelerate transformation and inclusive economic growth.<\/p>\n
The bank said it will continue to focus on understanding the needs of entrepreneurs \u2013 something it calls \u201cbusinessism\u201d.<\/p>\n
FNB\u2019s strategy encompasses four primary objectives:<\/p>\n
1. Providing innovative and market leading solutions across all business segments with a strong focus on fast growing niche areas such as Agriculture, Franchising, Medical Businesses and Education<\/p>\n
2. Providing real value to customers through the provision of non-traditional banking solutions like Instant Accounting, Payroll and BEE accreditation; cloud based document management solutions; CIPC registrations and maintenance, to mention a few<\/p>\n
3. Enabling, growing and supporting financial inclusion and access to market for SMEs through Structured Lending, Enterprise Development, Supplier Development and Preferential Procurement initiatives<\/p>\n
4. Development of value propositions for underserved markets yielding economic and social impact<\/p>\n
The bank said it will continue to seek partnerships to access alternate funding sources, risk sharing relationships and business development support platforms.<\/p>\n