Heritage Bank has pledged to work with stakeholders in the entertainment industry to develop a funding model for the industry The Managing Director/Chief Executive Officer, Heritage Bank, Mr. Ifie Sekibo, said this while responding to enquiries about the bank's plan for the entertainment industry.
Speaking during a recent forum by the bank, Sekibo said one of the objectives of the bank was to develop a document on how to fund the entertainment industry.
He added: "But we need to understand the industry first. We have quite a number of people in the entertainment industry. The last time we met with the President of Nollywood, we wanted to find out, how do we bank them? Do we deal with each person, or we take the industry as a whole. This is because we are very willing to provide funding, and help the industry.
"Most times people think that banks can just jump in, but our approach is different. We need to first know how, when you tell us how then you can leave the financial engineering to us."
Heritage Bank assumed the licence of the defunct Societe Generale Bank, and commenced operations in March. In line with its promise to deliver innovative, technology driven, cost competitive and efficient banking services and also introduced zero Commission on Turnover (COT) for all its customers.
This was followed with a funding model for micro, small and medium entrepreneurs (MSMEs), which offers concessionary interest rate to operators in the sector. Prior to these, the bank had achieved full integration into the Instant Pay Platform of the Nigeria Interbank Settlement System (NIBSS), thus enabling members of the banking public to use the various electronic banking platforms of the bank to make transactions across the country.
No comments:
Post a Comment