Banking
Customers to Share N600m in Access Bank Savings Promo
By Ashemiriogwa Emmanuel
Multinational commercial bank, Access Bank Plc, has flagged off its DiamondXtra Season 13 savings promo where loyal customers will be rewarded with N600 million.
The initiative, which rewards customers of Access Bank for saving, was introduced in 2008 to enhance savings culture and drive the federal government’s financial inclusion initiative.
Speaking at the launch in Lagos, the Executive Director, Retail Banking, Mr Victor Etuokwu said “The DiamondXtra reward scheme is one of the ways the bank creates value and meets the needs of its loyal customers.
“With the launch of this new season, the reward scheme has been revitalized and reloaded to create winners every day.”
In addition to encouraging customers to save their money, he said that DiamondXtra also rewards them with prizes like Salary 4 Life, Business grants, education grants, and others.
The prize of Salary 4 Life is where one lucky customer will be rewarded with N100,000 every month for the next 20 years, while the Rent for a year prize will go to 14 winners.
The reward promo also features family health coverage for 7 families, cash prizes of N1,000,000, N500,000, N100,000, and N50,000, along with other loyalty prizes.
The DiamondXtra savings promo further entails cluster draws which will be held for customers in various associations, markets, clubs, and so on of which participants in any of these clusters stand a chance to win cash prizes ranging from N70,000 to N150,000.
Mr Etuokwu encouraged Nigerians to take advantage of the opportunity by signing up to DiamondXtra by Access bank, and start saving.
“We encourage all Nigerians to sign up to DiamondXtra by Access bank, and start saving to win extraordinary prizes every day in this reloaded season as DiamondXtra is truly the most rewarding way to save,” he said.
Speaking at the event, the Senior Banking Advisor, Retail, Access Bank, Mr Robert Giles, said Season 13 was designed after surveying more than 600,000 customers on possible areas of improvement compared to the previous season.
“Our customers said they want to keep Salary for life, Business Grant and Free Rent. They also told us to add lots of smaller prizes so everybody has a chance to win.
“And finally they asked us to bring it closer home, and that’s why this year we are taking DiamondXtra into every neighbourhood so that people can see the difference and share with friends,” Mr Giles said.
He noted that through the initiative introduced in July 2008, the bank had shared over N5 billion of prize money through daily, weekly, monthly, and quarterly draws to positively impact the lives of its loyal customers.
According to Mr Giles, “The launch of DiamondXtra Season 13 is our best yet. And that’s because it is yours. From the very beginning, DiamondXtra was designed by our customers themselves.”
Highlighting the increasing figure of customers’ participation which has spanned over 2.5 million, the Group Head, Consumer Banking, Access Bank, Mrs Adaeze Umeh, said women will be greatly represented in every quarterly draw.
She said that one out of the 10 women to win will have an opportunity of getting a shopping allowance of N100,000 for the next 12 months, while the nine others will get N300,000 each.
According to her, new or existing customers could either open a DiamondXtra account in any of Access Bank branches across the country or fund their account with a minimum of N5,000 in order to qualify for the draw.
By Modupe Gbadeyanka
To strengthen Europe-Africa trade ties, Access Bank has opened a new branch in Malta. It will focus on international trade finance, employing approximately 30 people in its initial phase, with plans for controlled expansion over time.
It was learned that this Maltese branch was established by Access Bank UK Limited, the subsidiary of Access Bank Plc, which is also the subsidiary of Access Holdings Plc, which is listed on the Nigerian Exchange (NGX) Limited.
Access Bank Malta Limited commenced operations after obtaining a banking licence from the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA).
Access Bank said the licence marks a transformative milestone in bolstering Europe-Africa trade flows.
Malta, a renowned international financial centre, and a gateway between the two continents, is strategically positioned to play a pivotal role in advancing commerce and fostering economic partnerships.
This strategic expansion into Malta enables The Access Bank UK Limited to leverage growing trade opportunities between Europe and Africa.
It underscores the organisation’s commitment to driving global trade, financial integration, and supporting businesses across these regions.
“By establishing operations in Malta, we will gain a foothold in a market that bridges European and North African economies, moving us one step closer to our goal of becoming Africa’s Gateway to the World.
“It further enhances our bank’s capacity to support clients with innovative solutions tailored to cross-border trade and investment opportunities,” the chief executive of Access Bank, Mr Roosevelt Ogbonna, stated.
“Europe has emerged as Africa’s leading trading partner, driven by initiatives such as the Economic Partnership Agreements between the EU and African regions and the African Continental Free Trade Area (AfCFTA).
“With Europe-Africa economic relations entering a new phase, The Access Bank Malta Limited is ideally positioned to deepen trade and meet the financing and banking needs of our clients in these expanding markets,” the chief executive of Access Bank UK, Mr Jamie Simmonds, commented.
Also speaking, the chief executive of Access Bank Malta, Renald Theuma, said, “Malta is uniquely positioned as a bridge between Europe and Africa, making it an ideal location for our subsidiary. This move allows The Access Bank Malta Limited to engage more closely with customers in Europe and deliver tailored financial solutions that drive growth and connectivity across both continents.”
By Adedapo Adesanya
The International Finance Corporation (IFC) and Goldman Sachs have announced a new partnership with African banks, including Nigeria’s Zenith Bank and Stanbic IBTC Nigeria to support the Goldman Sachs 10,000 Women initiative, a joint programme launched in 2008 to provide access to capital and training for women entrepreneurs globally.
The two Nigerian banks are part of nine financial institutions from across Africa which have agreed to join the 10,000 Women initiative committing to leverage the business education and skills tools the programme provides to create more opportunities for women entrepreneurs across the continent by providing access to business education.
Others banks include Stanbic Bank Kenya, Ecobank Kenya, Ecobank Cote d’Ivoire, Equity Bank Group, Banco Millenium Atlantico – Angola, Baobab Group, and Orange Bank.
Speaking on this, Ms Charlotte Keenan, Managing Director at Goldman Sachs said – “10,000 Women has had a powerful impact to date, but we know that there are more women to reach and more potential to be realized.
“We are delighted to partner with IFC to supercharge the growth of women-owned businesses across Africa, and mainstream lending to female business leaders. We remain committed to supporting entrepreneurs with the access to education and capital that they need to scale.”
Since 2008, the 10,000 Women initiative has provided access to capital and business training to more than 200,000 women in 150 countries.
“This expanded initiative marks a significant step forward in creating equitable economic opportunities for women in Africa, enabling them to build stronger, more resilient businesses and to realize their entrepreneurial goals,” said Ms Nathalie Kouassi Akon, IFC’s Global Director for Gender and Economic Inclusion.
Goldman Sachs’ 10,000 Women initiative complements the Women Entrepreneurs Opportunity Facility (WEOF), launched in 2014 by Goldman Sachs and IFC as the first-of-its-kind global facility dedicated to expanding access to capital for women entrepreneurs in emerging markets.
By Aduragbemi Omiyale
In recognition of its unwavering commitment to fostering access to financing for Nigerian micro, small and medium enterprises (MSMEs), Development Bank of Nigeria Plc has been rewarded with the Financial Inclusion Leadership Award at the Champions of Inclusion Nigeria Financial Inclusion Awards.
This was at the 2024 International Financial Inclusion Conference (IFIC) organised by the Central Bank of Nigeria (CBN) in collaboration with the World Bank and other stakeholders.
The chief executive of the lender, Mr Tony Okpanachi, said the recognition affirms the company’s efforts in expanding access to financial services for MSMEs in Nigeria.
“We are honoured to receive the Financial Inclusion Leadership Award, which is a testament to our bank’s commitment to expanding access to financial services for all Nigerians. This award recognises our efforts to bridge the financial inclusion gap, particularly for a priority sector like the MSMEs.
“Additionally, this award is a validation of our strategic focus on driving financial inclusion for small businesses, and we are proud to be at the forefront of this initiative that drives that. We will continue to innovate and expand our financial inclusion programmes, ensuring that more Nigerian small and startup businesses have access to services,” he stated.
On his part, the Chief Operating Officer of DBN, Mr Bonaventure Okhaimo, said the accolade demonstrates the firm’s dedication to driving financial inclusion and economic growth in Nigeria.
“This award acknowledges our Bank’s innovative approach to widening opportunities for MSMEs in Nigeria to grow and scale their businesses,” he said.
“This award will motivate us to continue pushing the boundaries of financial inclusion, exploring more innovative solutions and partnerships to expand our reach and impact.
“We are committed to ensuring that more small businesses and startup enterprises in Nigeria have access to financial services, this award will further inspire us to accelerate our efforts in this regard,” he stated.
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