Page 26 - ACCESS BANK ANNUAL REPORTS_eBook

BUSINESS REVIEW

BUSINESS BANKING

the Business Banking Division is a hybrid

of the Commercial and Personal Banking Di-
visions. It focuses on Small and Medium-size

Enterprises (SMEs), providing them with busi-
ness solutions to support their growing business

needs. the Division delivers commercial banking

products and services to SME customers with
an annual turnover of less than N1billion.

The strategic importance of SMEs in
delivering a brighter tomorrow cannot
be overstated. They are the engine room
and catalyst for economic development of
the country, employing the highest number
of staff and accounting for well over 90% of
formal businesses in Nigeria. This has informed
Access Bank’s decision to give special attention to
this vital segment of the economy via our Business
Banking Division.

In addition, the Division focuses on customers that are
within the Bank’s Commercial, Corporate & Investment
Banking Divisions’ value chain. This business segment in-
cludes Distributors and Dealers, Travel Agencies, Professional
Firms, Importers and Exporters, Traders, Oil and Gas Companies,
Educational Institutions, Hospitality, Healthcare Providers, Reli-
gious Organisations and Contractors.

With its global perspective, the Bank was, as so often, one of the first
to recognise a trend: the role driven, innovative female entrepreneurs are
playing in the ever-changing Nigerian economy. We have long known that
women-owned SMEs are growing at a faster rate than the economy as a whole

26 Access BAnk Plc
Annual Report & Accounts 2017