Acess Bank to support entrepreneurship business in hospitality business

access Bank Plc has expressed its
preparedness to support operators in the
hospitality business in the country.

The Managing Director, Access Bank Plc, Mr.
Aigboje Aig-Imoukhuede, said at a business
growth
forum organised by the bank for
its customers on Tuesday that the bank
had always believed its future was based
on its ability to serve entrepreneurs.

Aig-Imoukhuede said entrepreneurs that
had courage and vision to run their own
businesses made economies grow globally.
He added, "In Access Bank, we tend not to
do things until we are ready to do them
and at a standard that is of global standard.

This
is the first of our monthly series
where we will interact with entrepreneurs
across various sectors. These sessions are
meant to be like a steroid injection into
your business where you spend hours
with intense discussions."

Aig-Imoukhuede noted that apart from
credit and banking services, other
important things that a bank could provide
to its customers were advice and
networking.

In his presentation, the Senior Manager,
Business Banking Division, South, Access
Bank, Mr. Mike Nwankwo, said that there
were great opportunities in the hospitality
industry considering the positive outlook
on the Nigerian economy.
He listed the capital intensive nature of the
industry and lack of trust in employees as
some of the challenges in the industry.

Nwankwo said, "That is why Access Bank
has put up this forum to interact with
people like you to see how these
challenges can be addressed to further
enhance your business. Access Bank is
going to be looking at the business
support platform, capacity development
and financial market knowledge. It goes
beyond just providing you money to fund
your business.

"In Access Bank, we have looked at the
nature of SME businesses and what we
have done is to create a unique account
that would address the business that you
do. We know that paying commission on
turnover will be very difficult for you, we
know that you have employees who may
need soft loans in form of salary advance,
and we have created a hybrid current
account that has many features to take
care of these."

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