One of the top financial institutions in Nigeria, Access Bank, has reinforced its Development Banking Desk to promote sustainable development both domestically and throughout the African continent.
A spinoff of the development banking team, The Desk oversees the management of non-profit organizations and establishments and has been a part of the bank for more than a decade and counting.
This program aligns with the bank's vision to become the most reputable African bank in the world, bringing with it an unwavering dedication and commitment to herald development, foster positive change, and leave a lasting impact on the finance, business, community, organizations, and industry it serves. It also solidifies the bank's position as a major development finance leader and a partner for non-profit organizations and institutions across the continent.
During a press conference held at Access Bank's head office in Lagos, Hadiza Ambursa, the Executive Director of the Commercial Bank Division, conveyed her excitement about the newly redesigned Development Desk and its potential to positively impact Nigeria's economy.
She stated: “Our vision is to drive economic empowerment and financial inclusion by providing specialised financial products and services to businesses, NGOs and institutions. Through this initiative, we aim to support and nurture the growth of these entities, fostering a robust entrepreneurial ecosystem in Nigeria and beyond.
“As the foremost financial powerhouse, we hope to achieve our audacious goals in Development Banking as a preferred banking partner for the non-for-profit organisations already in Nigeria and all other Countries where we have presence and those hoping to come by helping to boost bilateral and multilateral banking relationships, manage the donor funds and the programs the funds are meant for, support projects and initiatives that are channelled towards the common good of the public like charitable activities, climate change, poverty reduction, improved quality of education, improved health and to play a crucial role in financing projects that contribute to achieving the bank’s goals as well as creating a one stop shop for the unique needs of Not-For-Profit sector.
“Also, our dedicated team will assist in writing bespoke proposals for the NGOs and based on market insights we would create new product offerings such as corporate accounts with concessions, conditional cash transfers, primus-plus, Advisory services and services that would resolve new problems arising with the changing market climate while we sustain the desk with data driven market intelligence that will constantly improve our day-to-day collaboration with relevant agencies and engage the relevant stakeholders to understand their challenges, concerns and opportunities to co-create financial solutions that will meet the unique emerging needs of the not-for-profit organisation in Nigeria and indeed across the African continent just as we will advocate for regulatory reforms that best support developmental initiatives and give quality advisory services.”
In the same vein, Head, Development Banking Desk, Ambur Sule, said “The Development Desk serves as a conduit for global funds and resources, bolstering the bank’s influence in the African region and fortifying Nigeria’s position on the international development stage.’’
Ambur stressed that, “as we move toward a more interconnected world, Access Bank’s role as a development finance leader and partner becomes increasingly vital. Our collaborations with esteemed NGOs and Institutions as a partner are instrumental in driving inclusive growth, deepening financial inclusion, reducing poverty, and boosting infrastructure development in Nigeria.”
The Development Banking Desk is a dedicated desk at Access Bank with the mission of exclusively providing financial support to non-profit organizations that strategically carry out projects and initiatives aimed towards social progress, impact, and economic development. These organizations include non-governmental organizations, bilateral and multilateral institutions, donor agencies, and embassies.
In addition to its successes in corporate and commercial banking, Access Bank's Development Desk has paved the way for strategic alliances and partnerships throughout the world that will greatly advance Nigeria's overall development. The Development Banking team, Desk, and Sustainability team collaborate closely with each other to exclusively work with companies that adhere to the 17 Sustainable Development Goals.
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