As the COVID-19 (novel coronavirus pandemic) takes an intense twist, with its prevalent negative effect on individuals, households, businesses and health systems, leading financial services provider, First City Monument Bank (FCMB), is stepping up the tempo of its interventions through various humanitarian gestures.
As a caring and responsive Bank, FCMB has ensured the stability of its robust digital channels thereby enabling customers to have full access to financial transactions and other services, while also helping the government, communities and individuals to mitigate the impact of the pandemic.
The institution’s intervention has been hinged on providing relief across a range of areas spanning across testing, the provision of PPEs (personal protective equipment), food for the very needy and ease of doing business for small and medium scale firms.
By far, FCMB’s most significant contribution – of N250 million – has been to the intervention initiative set up by the Central Bank of Nigeria (CBN), in partnership with the private sector, to assist the Federal Government respond effectively to COVID-19, known as the Private Sector Coalition Against COVID-19 (CACOVID) . The fund will also support households and businesses to mitigate the impact of the virus, through the building of isolation and treatment centres, providing personal protective equipment and distributing food to over 10 million of the most economically vulnerable Nigerians.