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Stanbic IBTC, Tillit partner on healthcare


Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has partnered with Tillit MSME Microservices, to offer affordable healthcare solutions to small and medium-sized enterprises in Nigeria.

A  statement from the bank said that the partnership was aimed at addressing the challenges faced by SMEs in delivering quality healthcare services and retaining skilled professionals.

According to the lender, with this partnership, SMEs in the healthcare sector can now access a range of financial products from Stanbic IBTC Bank tailored to their needs.

“These include short-term loans of up to N10m; overdraft facilities of up to N2bn; and term loans of up to N5bn with repayment periods spanning from 12 to 60 months,” it stated.

Speaking on the partnership, the Head of Commercial Banking at Stanbic IBTC Bank, Babatunde Akindele, said, “We recognise the pivotal role healthcare SMEs play in our economy and Stanbic IBTC Bank is dedicated to facilitating their growth journey. Our customised financial solutions and extensive partner network will empower these businesses to thrive.”

Meanwhile, Managing Director of Tillit MSME Microservices, Yomi Sule, expressed excitement about the firm’s partnership with Stanbic IBTC Bank.

He declared that the collaboration was a game-changer for healthcare SMEs in Nigeria, as it would provide access to customised financial products, seamless application processes, and prompt disbursement.

“Stanbic IBTC Bank is the ideal financial partner, as it offers suitable financing and an ecosystem of partners that provide valuable business support services to healthcare SMEs, ensuring their holistic growth,” he asserted.

This partnership announcement comes on the heels of Stanbic IBTC Bank’s inaugural Healthcare Breakfast Session, an event that recorded attendance from top leaders and innovators within the healthcare sector.

The gathering brought together thought leaders in healthcare to discuss collaborations, innovations, and ways to enhance the sector.

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