Page 26 - ACCESS ANNUAL REPORT 2019

COMMERCIAL BANKING
The Commercial Banking group in Access Bank is structured to re ect our ey ocus areas within the wholesale banking space. Knowing that agriculture, value addition and export remain key drivers for the economy, the group has been deliberately structured along six dedicated teams.
Business Focus
• Fast Moving Consumer Goods (FMCG) –
Caters for the needs of importers and traders of all fast moving consumables.
• Manufacturing –
Services
• Cash Management Services including cash pickups, teller implants, web mall and point of sales devices
• Working capital support
• PO financin
• Trade Finance including Import and Export
Letters of Credit, Guarantees and International
Payment Services
• Receivables discounting • On-lending facilities
• Bond & Guarantees
Highlights
• The Commercial Banking group has continued to remain relevant in driving the Bank’s wholesale banking strategy giving its contribution to total revenue and profita ility. In the year under review, the group continued to strengthen its mandate by retaining and growing key business relationships across all sectors
• A major initiative during the year was the launch of the Chinese Business Desk and maiden business forum. The Chinese Desk is a one stop Shop for all our Asian customers. The Desk was set up to bridge the language barrier whilst delivering superior services to our cherished clients in a seamless manner. Leveraging on the fully established Chinese Des in i eria and the usiness office in the Republic of China, we are able to ensure seamless transactions, with special focus on trade transactions, for all our Customers in this segment.
Supports the activities of players in the light manufacturing sectors of the economy.
• Pharmaceuticals –
Provides financin and advisory services to importers, manufacturers and distributors of pharmaceutical products.
• General Commerce –
Manages companies engaged in general commerce activities in specific eo raphical locations across the country.
• Agro Allied –
Focuses on players in the agricultural sector and their value chain with the aim of growing the foreign exchange sources of the country.
• Chinese –
Provides tailored services for clients with Chinese heritage or Chinese ownership and Asian related businesses.
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driving sustainable
Annual Report
growth through innovation