Access Bank Plc has made a provision of ₦1Billion to Small and Medium-scale Enterprises (SMEs) in the health sector of the economy.
Mr Victor Etuokwu; disclosed the Executive Director, Retail, Access bank this, in a business workshop for health practitioners. Access bank in partnership with Medical Credit Fund The organized workshop.
This programme is the first business workshop after the merger with Diamond Bank
Etokwu also mentioned that Access Bank is committed to increasing funding for SMEs across a broad spectrum of the economy. He identified Access bank as one of the financial institutions with the highest loan portfolio to small and large-scale businesses.
“As a bank, we have a role to support the economy anyhow we can and we do that by empowering our customers. And 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.” Etokwu said.
“We have a huge portfolio where we lend to businesses. Access Bank has the highest loan book in the industry at over ₦3tn. And with the merger with Diamond Bank, we are going to lend more to SMEs. Etokwu added I can say that as it is, we are the bank for SMEs.”
Fisayo Ogunsanya; the Business Development Director, Medical Credit Fund, in a presentation at the event, said the health sector has the potential to contribute significantly to the country’s Gross Domestic Product.
Ogunsanya called on entrepreneurs in the health sector to take advantage of the opportunities in the external environment by investing in technology that would drive their businesses.