Determined to stimulate economic growth, Access Bank Plc has inaugurated an account tagged “TraderLite’’ for micro businesses with turnover between N50,000 and one million naira.

Mr Victor Etuokwu, the bank’s Executive Director Retail Banking made this known  in a statement.

Etuokwu said that the TraderLite enables Small and Medium Enterprises (SMEs) to operate their businesses with Individual name or registered business name.

He noted that the account was specially designed for micro businesses with the aim of providing financial inclusion for businesses in that segment.

Etuokwu added that it was inaugurated with the aim of equipping micro businesses with the required skills to grow their businesses.

“TraderLite, a variant of the Diamond Business Advantage account within the bank’s emerging businesses portfolio, is specially designed for micro businesses with the aim of providing financial inclusion for businesses in that segment.

“The future of Nigeria’s economy is Small and Medium-Scale Enterprises because they can provide more than enough jobs to the unemployed if empowered.

“And that is why the bank’s passion is to offer more than financial services to its customers and also work with them in growing and expanding their businesses.

“Whichever category you fall into, we are here to work with you to take your business to a whole new level,’’ he said.

He noted that the product had two variants namely: DBA TraderLite Individual, which is for individuals with unregistered businesses and DBA TraderLite Business for registered businesses.

Access Bank is the leading retail bank in Nigeria with more than 600 branches and more than 40 million customers.

The bank offers products and services tailored to suit the lifestyle of every Nigerian irrespective of age and demography.