EHIME ALEX, Lagos
Nigeria’s leading retail bank, Access Bank Plc has launched TraderLite, an account that enables micro businesses with turnover of between N50,000–N1million to operate their businesses with their individual names or registered business names.
According to a statement to NATIONAL ACCORD on Monday, the bank said the move is in a bid to stimulate the growth of the economy.
At the launch of the new product, Victor Etuokwu, executive director, retail banking, told newsmen that the bank looks at its customers beyond being just customers but also as partners.
He said, “The future of Nigeria’s economy is Small and Medium-Scale Enterprises because they can provide more than enough jobs to the unemployed if empowered. And that is why the bank’s passion is to offer more than financial services to its customers and also work with them in growing and expanding their businesses. Whichever category you fall into; we are here to work with you to take your business to a whole new level”.
TraderLite, a variant of the Diamond Business Advantage account within the bank’s emerging businesses portfolio, is specially designed for micro businesses with the aim of providing financial inclusion for businesses in that segment while equipping them with the required skills to grow their businesses.
The bank explained that the product has two variants namely: DBA TraderLite Individual, which is for individuals with unregistered businesses and DBA TraderLite Business, for registered businesses.
It said, “The Diamond Business Advantage proposition 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 provides SME’s market linkages, increased referral base and networks that enable them scale the hurdles of accessing new markets for their products.
“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 TraderLite and other exciting products and services from Access bank targeted at MSMEs and register to take your business to the next level.”
Access Bank is the leading retail bank in Nigeria with over 600 branches and more than 40 million customers. The Bank offers products and services tailored to suit the lifestyle of every Nigerian irrespective of age and demographic.