Access Bank Plc said it now has the largest loan book in Nigeria’s banking industry, at over N3 trillion, following the successful conclusion of its merger with Diamond Bank.
Executive Director, Retail Banking of the bank, Mr. Victor Etuokwu, who disclosed this yesterday in Abuja, at the Access Bank Business Workshop for Health Practitioners, noted that the bank has also emerged the largest lender to the small and medium enterprises (SMEs) sector.
Etuokwu noted that historically, Access and Diamond Banks were known to rank among the biggest lenders to SMEs in the country, adding that the merger had cemented the bank’s position as the biggest financiers of SMEs and other critical sectors of the economy.
He stated: “Today, Access Bank has the largest loan book in the industry, about N3 trillion. No other bank has that amount. With our merger with Diamond Bank, we have two banks today, who lend the most to SMEs. Diamond was a major lender to SMEs, same thing with Access Bank. Today, we are the bank that is truly the home for SMEs.” Read more