Access Bank unveils SME capacity development solutions

Access Bank Plc has unveiled a series of capacity development initiatives for its contractors, saying the move represents an innovative partnership that seeks to provide strategic solutions to enhance their operational efficiency.

A statement by the bank quoted the Executive Director, Business Banking Division, Mrs. Titi Osuntoki, as saying this at a meeting for general contractors in Lagos.

Osuntoki noted that “the bank aims to be a Tier 1 SME bank and seeks to achieve this through integrated partnership and the provision of proactive business banking solutions, which makes our contractors winners on all fronts.”

She said, “These banking solutions have been designed to redefine contractors-banking relationship experiences, geared towards growing their businesses and increasing their capacity to handle big projects without financial encumbrances.

“These solutions include MPower salary account, working capital finance, payroll management, loans and advances and financial support through asset acquisition, among others.”

According to the executive director, the bank is equally offering other strategic business support initiatives, which range from capacity development to networking hub through a specialised SME desk saddled with the responsibility of providing field business support and financial advice.

The bank said it had consistently positioned itself as the SME bank of choice through its commitment to economic empowerment of individuals and growing entrepreneurs.

This, it said, was being achieved through a partnership with identified critical segments of the economy, which are already benefiting from its empowerment programme, adding that the bank had created a full division (Business Banking) to support the needs of the SME sector in Nigeria.

[Punch]