Ecobank Nigeria said it had developed initiatives to support trade business and lending to its target customers. The Managing Director designate, Patrick Akinwuntan, said this during the introduction of the Ecobank Nigeria Emerald Business Club in Lagos.
He said,” This is an exclusive product for our key local corporate and the SME clients. This is founded on our long-term commitment to support indigenous businesses within the country and in line with Ecobank‘s vision to contribute to the economic development and financial integration of Africa.”
He said the bank recognised the need for Nigeria and Africa as a whole to grow, hence its unrivalled drive to contribute its quota as a bank in developing the economy, through the provision of sustainable banking products and services that were needed to help business growth.
According to him, the bank resolved to expand its scope in its commercial banking businesses and had designed products specifically tailored to meet the needs of target customers (largely local corporate, SME and key public sector participants.)
“We are willing to work with the peculiarities of each customer’s business so as to grow the economy. In the same vein, The Emerald Business Club is being proposed as an implementation platform for this Ecobank focus approach.”
The Head , Commercial Banking, Mr. Rotimi Morohunfola, said the club is an initiative of commercial bank business across Ecobank Group across Africa, of which all the different affiliates had been launching it.
“We have looked at the market space, specifically looking at the commercial businesses that drive the economy and we clearly know that the sme and the major local corporates are the key drivers of the economic activities in Nigeria and across Africa,” he said.
He said it would form a formidable partnership that would make it the preferred banking partner because Emerald club comes with certain value adding offerings, in terms of banking service solutions, and concessions in terms of prices of certain services it provides.