FNB Business has been voted ‘SA’s Best Business Bank’ for the seventh consecutive year in the annual Sunday Times Top Brands survey. The Sunday Times Top Brand Survey is the leading barometer of consumer and brand sentiment in the country.
Mike Vacy-Lyle, FNB Business CEO, says businesses, especially small and medium enterprises are important drivers of economic activity in South Africa. “As we continue to face economic challenges we are looking to this very important sector to continue helping create jobs and economic development. As ‘SA’s Best Business Bank’ we see it as our responsibility to help grow and sustain this sector by offering holistic platform-based solutions aimed at incubating, starting, running and growing businesses – for the greater benefit of our country.”
“Part of our success can be attributed to our ability to evolve in a dynamic and competitive market landscape. As a bank built by entrepreneurs, we understand what it takes to run a business, and the challenges entrepreneurs face daily. This enables us to consistently offer helpful, relevant products and services at any given point in time,” adds Vacy-Lyle.
During the past financial year to June 2019, FNB Business banked SME lending reached more than R38bn on the back of simple, scored, digital lending processes. The bank further extended over R8bn to women led businesses during the same period.
Vacy-Lyle says as the South African business landscape gradually changes, so does our business model. FNB Business has conducted extensive research into the entire SME landscape and uncovered various niches, with great potential, yet remain underserviced and untapped. Effectively, we are working on a number of exciting new value propositions that will disrupt the market in the near future.
“What is unique about the Sunday Times Top Brands Survey is the fact that, it is our customers who personally recognise and are satisfied with the important work that we do. Without their support, FNB Business would not be where it is today. We are truly humbled and remain grateful,” concludes Vacy-Lyle.