TD Africa, Providus Bank Partner to Drive SME Growth

In a spectacular CEO roundtable event titled “The Growth Drive,” Providus Bank, a renowned financial institution, joined forces with TD Africa, Africa’s leading technology distribution company.

The venue for this exclusive gathering was the bank’s headquarters situated at 114 Adeola Odeku. Distinguished CEOs from various companies, along with key personnel from Providus Bank and TD Africa, graced the occasion with their presence.

At 12:45 pm, the event commenced with the Compere, Abiodun Ariyo, extending warm greetings and acknowledging the presence of the esteemed guests.

Taking the stage to deliver the opening remarks on behalf of Providus Bank was the Deputy Managing Director, Kingsley Aigbokhaevbo. In his brief address, he highlighted the wide range of services and offerings provided by the bank and reassured the guests of their unwavering commitment to enhancing their overall experience.

Following the opening statement, the Compere then invited key personnel from both Providus Bank and TD Africa to join the panel as they took center stage. Here, they engaged in insightful discussions, delving into questions and concerns posed by the attendees, bringing valuable perspectives to the fore.

Representing Providus Bank on the panel were Olugbile Erinwusi (CRO), Mariam Isoje (Head of Commercial Banking Group), and Victoria Ifeanyichukwu (Member, Risk Management). Joining them from TD Africa were Akinolu Taofeek (Head of Mobile Business Group) and Emmanuel Okoliko (Finance Payable & Treasury Lead).

During the discussion, the panelists fielded a series of questions revolving around the event’s theme, with a focus on how Providus Bank could offer the necessary financing to bolster the growth of their partners. The bank’s approach to providing credit facilities and collateral for SMEs included stock finance facilities, invoice discounting, and asset replacement. The acceptance of collaterals by Providus Bank was based on the nature of each particular business.

On the other hand, TD Africa employed a meticulous evaluation process, considering the documents presented by a partner and the turnover generated by that partner to determine their eligibility for any credit facility. This thorough assessment determined whether a business was deemed worthy of receiving the support they sought from TD Africa.

The whole essence of the event was to build a tripartite relationship between Providus Bank, TD Africa, and her Partners and lay to bed every iota of doubt hovering over the minds of the guests bordering on financing to drive growth.

Mrs. Chioma Chimere, the Coordinating Managing Director of TD Africa, graced the event as well. In her address to the partners, she wholeheartedly encouraged them to not only take advantage of TD Africa’s credit line but also to embrace the offerings presented by Providus Bank. She emphasized that this strategic approach would empower them with the financial strength needed to secure exchange rates for B2B deals, especially in the face of these uncertain times.

Mrs. Chioma Chimere (CMD, TD Africa) and Mr. Charles Adigwe (CFO, TD Africa)

The event ended with a networking session. There was a lot to wine and dine with as guests interacted with each other on a personal level.