En­ter­prise Bank in­tro­duces new ac­count

Daily Trust - - BANKING - By Hamisu Muham­mad

En­ter­prise Bank Limited has launched a new prod­uct called En­ter­prise Boost Ac­count to boost the growth of Small and Medium Scale Businesses (SMSBs)

The prod­uct was de­signed to im­mensely re­duce the cost of do­ing busi­ness given the great en­vi­ron­men­tal chal­lenges that SMSBs face in their op­er­a­tions like un­sta­ble power sup­ply, poor trans­porta­tion sys­tems, paucity of skilled man­power, among oth­ers.

A state­ment

from spokesper­son of the bank Mr Igwe U. Igwe said the En­ter­prise Boost Ac­count is in two ma­jor cat­e­gories, namely, Clas­sic Boost Ac­count and Pre­mium Boost Ac­count with open­ing bal­ances of N20,000 and N50, 000 re­spec­tively.

While the Clas­sic ac­count is tar­geted at SMSBs with an­nual turnover of N240mil­lion, the Pre­mium boost ac­count is for businesses with an­nual turnover of N480mil­lion.

Other high point ben­e­fits of the new prod­uct are ac­cess to a MasterCard debit card, free monthly e-state­ment of ac­counts, flex­i­ble ac­count man­age­ment, own com­pany’s web­site at a dis­counted rate, ac­cess to short/long term loans, in­ter­net and mo­bile bank­ing fa­cil­i­ties as well as wide net­work of branches na­tion­wide.

Ac­cord­ing the state­ment, the lat­est de­vel­op­ment was part of the ef­forts of the bank to sup­port small scale businesses and build them up to solid en­ter­prises so as to con­trib­ute their quota as the en­gine of eco­nomic growth in our so­ci­ety.

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