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iBanking

JAIZ BANK BOOSTS SMES THROUGH FOREX

by Jaiz Bank / Friday, 22 May 2020 / Published in Press Release
MD Jaiz Bank at AGM

Jaiz Bank Plc, the premier non-interest bank in Nigeria has resumed selling of foreign exchange to operators of Small and Middle Enterprises (SMEs) to open up businesses and boost the nation's economy amidst Covid-19 pandemic.

The stated in a statement that the foreign exchange transanctions is also available to parents to pay their children's school fees and medical bills.

Other areas include Personal Travel Allowances (PTA) and Business Travel Allowances (BTA) amongst
others.

According to the bank, SMES importers can get up to $20,000 per quarter, however, items of importation must not fall under those prohibited, as directed by the Central Bank of Nigeria (CBN).

The statement read: “While the pandemic is being fought with lockdown and economies are opening up, we are committed to providing services that would encourage small and medium sized businesses because we strongly believe they are the falcrum for economic growth and
development.”

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About Jaiz Bank PLC

Jaiz Bank PLC is a national bank and a quoted public company owned by over 26,000 shareholders spread over the six geo-political zones of Nigeria.The Bank’s balance sheet has grown from N12 billion in 2012 to about N62 billion, with asset financing of over N30 billion.

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