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Diamond Bank Trains MSMEs on cash budgeting

By The Citizen

As part of its consistent efforts towards supporting Micro, Small and Medium-scale Enterprises (MSMEs) in running profitable businesses, Diamond Bank Plc has, through its Diamond BusinessXpress seminar, provided training in cash budgeting for entrepreneurs.

The seminar, which held in Owerri, Imo State, marks the 40th edition of the Bank's BusinessXpress Seminar, a monthly capacity building workshop aimed at building managerial capacity and institutionalized processes within the sector. The topics discussed at the session included: Failing to Plan, Finding and retaining Customers, Strategic Planning, What is Business Really About? and ZeroOne.

In his welcome address, Stanley Akwara, Regional Manager, Owerri Region, Diamond Bank PLC who was represented by Charles Oguibe, Business Manager, Waast Avenue branch of the Bank said, 'We are gathered here for a capacity building seminar for MSMEs. The reason for this event is that, at Diamond Bank, we believe that we are partners with this sector and as good partners we look beyond just providing financial services to MSMEs to how we can create value for them. When we help MSMEs build their capacity, they will be able to run their organisations better, make profit and do more business with us. That way we can jointly impact society more effectively.'

'Diamond Bank has heavily invested in the MSME sector and we are among the few banks that support small businesses with loans. Till date, we have given out about N120 billion to 60,000 customers and most of these loans were given without collateral. We are about the only bank doing this,' he added.