Access Bank finances health sector MSMEs with N1bn

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Access Bank finances health sector MSMEs with N1bn
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Access Bank Plc said it has provided over N1bn to finance health practitioners in the Small and Medium Enterprises sector of the economy.

The bank also said it would provide more financial support for businesses operating in various sectors of the economy.

It said as one of the financial institutions with the highest loan portfolio to small and large scale businesses, increasing its lending support to the private sector would further boost the performance of the economy.

The Executive Director, Retail, Access Bank, Mr Victor Etuokwu, said these during an interview on the sidelines of a business workshop for health practitioners.

The event was organised by the bank in partnership with Medical Credit Fund.

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He said the programme was the first business workshop after the merger with Diamond Bank, noting that the bank remained committed to providing the much needed financial support to businesses.

He said, “As a bank, we have a role to support the economy anyhow we can and how we do that is by empowering our customers.

“We empower our customers by helping them to access finance; we also help them in capacity development by training them to do their businesses better. We also teach them about basic banking services.

“We have brought our partners to talk about how they can effectively run their businesses well and manage their finances better.

“We have a huge portfolio where we lend to businesses. Access Bank has the highest loan book in the industry at over N3tn. As you know, with our merger with Diamond Bank, we are going to lend more to SMEs and I can say that as it is, we are the bank for SMEs.”

The Business Development Director, Medical Credit Fund, Fisayo Ogunsanya, in a presentation at the event, said the health sector had the potential to contribute significantly to the country’s Gross Domestic Product.

He called on entrepreneurs in the sector to take advantage of the opportunities in the external environment by investing in technology that would drive their businesses.

Source: Punch Newspaper.

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