Jaiz Bank Plc has said it is awaiting the approval of the Central Bank of Nigeria to roll out new financing products that will enable small and medium-scale enterprises to access loans without traditional collateral requirements.
The Managing Director and Chief Executive Officer of the bank, Dr Haruna Musa, disclosed this while speaking with journalists in Abuja on Wednesday after the bank’s 14th Annual General Meeting.
Musa said the proposed products, targeted at SMEs and retail customers, would allow the bank to assess borrowers based on their cash flows rather than physical collateral, a move aimed at expanding access to finance and deepening financial inclusion.
According to him, the bank has already developed the products and is waiting for regulatory approval before launching them.
“We have developed an SME-friendly product just awaiting the approval of our regulator, the Central Bank of Nigeria.
Once that is achieved, we will be doing
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