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First Bank Places 90 days moratorium on SME loans and special waivers on repayment fees on credit cards

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Access Pensions, Future Shaping

By Audrey Lotechukwu
FRI, APRIL 17 2020-theG&BJournal- First Bank stepped up its palliative measures for customers on the back of the extended COVID-19 lockdown in some states, aiming to help customers cushion the impact of the coronavirus pandemic on employment and livelihoods.
The bank’s chief executive officer Dr Adesola Adeduntan announced the enhanced measures Friday, placing special waivers on repayment fees on the bank’s credit cards, and up to 90 days moratorium on SME loans.
The bank is also pushing ahead with its promise to move 1 million children to e-learning with a number of ‘great’ partners who have come on board from within and outside the continent.
‘’In partnership with IBM for example, we are providing opportunities for the acquisition of digital skills including Coding, Artificial Intelligence and Data Science & Analytics,’’ Adeduntan said. ‘’Apart from the new perspective to problem solving that coding ability gives, it has progressed to a very critical career skill sought by employers. To this end, through the IBM Digital Nation curriculum, we promote opportunities to learn skills of the future.’’
The CEO said the Bank has also continued to provide essential banking services throughout various alternative channels, ‘’and the transaction volumes is positive testimony to the resilience of our staff and your Bank to keep things going as COVID-19 will neither defeat us nor slow us down, and we will continue to support you because you have empowered us to do so by choosing to Bank with us.’’
Adeduntan also announced that the Lagos State Government and Roducate initiative kicked off this week with the government accredited curriculum for primary, secondary and tertiary schools.
‘’We will share more on this and other partnerships over the next few days as, in the reality of our new normal lies opportunities for impactful change,’’ he assured.
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Access Pensions, Future Shaping
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