Access Bank Pledges N1Billion To Promote SMEs In The Health Sector


Access Bank Plc has earmarked N1Billion for Small and Medium-scale Enterprises (SMEs) in the health sector in partial fulfilment of its pledge to support start-up businesses in Nigeria.

Victor Etuokwu, Executive Director, retail banking, Access bank Plc disclosed this at an Access Bank business seminar for SMEs and health sector players in the country organized in partnership with Medical Credit Fund.

According to him, the bank remains resolute to increase funding for SMEs across a broad spectrum of the economy, saying the bank is of the financial institutions with the highest loan portfolio to small and large-scale businesses.

“Increasing lending support to the private sector would further boost the performance of the economy. This programme is the first business workshop after the merger with Diamond Bank. Access bank remains committed to providing the much-needed financial support to businesses.

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

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L – R : Nneka Chidoka, pharmacist, Pharmetro Pharmacy Limited; Victor Etuokwu, Executive Director, Retail Banking, Access Bank Plc; and Safa Khoury-Nyako, Pharmacist, Pharmetro Pharmacy Limited  during the ‘The Business of Health’, Access Business workshop held in Abuja, recently.

“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. 

“With the 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.”

In his presentation at the event, the Business Development Director, Medical Credit Fund Fisayo Ogunsanya, said the health sector has the potential to contribute significantly to the country’s Gross Domestic Product.

L – R:  Victor Etuokwu, Executive Director, Retail Banking Access Bank Plc; Safa Khoury-Nyako, pharmacist, Pharmetro Pharmacy Limited,; Voke Isivore, External Director JNCI; and Sufiyanu Garba, Regional Sales Director, Abuja and North West, Access Bank Plc during the ‘The Business of Health’, Access Business workshop held in Abuja recently.

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.

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Access to market for products and services is a major challenge for most small & growing businesses in Nigeria. The Diamond Business Advantage product from Access bank has been designed to add value to micro, small and medium scale business owners so that they can grow their businesses with smart banking. The proposition provide SME’s market linkages, increased referral base & networks that enable them scale the hurdles of accessing new markets for their products. 

L – R : Bankole Williams, CEO Lyd Consulting; Fisayo Okunsanya, Business Development Director, Medical Credit Fund; Victor Etuokwu, Executive Director, Retail Banking, Access Bank Plc; and Voke Isivore, External Director JNCI during the ‘The Business of Health’, Access Business workshop held in Abuja recently.

Networking sessions such as Business Clubs, Business clinics, and Business seminars enable MSME customers expand their referral base through interacting with other MSMEs. Please click HERE to know more about the exciting products and services from Access bank targeted at MSMEs and register to take your business to the next level. 

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