Access Bank Plc has instructed all its customers to repay all their outstanding debts from the Central Bank of Nigeria loan scheme.
The directive comes as Access Banks plan to target timely and responsible loan repayment in line with the regulatory guidelines.
The Bank emailed all its customers to encourage them to pay their financial obligations to maintain a more healthy and sustainable banking relationship with Access Bank.
Access Bank said the statement noted that all existing CBN development finance intervention funds with approved interest rates remain unchanged and are to be fully repaid per the terms and conditions.
The Bank has also asked customers looking for funds to check alternative loan products and services tailored to their banking needs.
In December, the CBN released a circular to all Deposit Money Banks to halt new loan applications and recover previously granted loans under the scheme.
The circular is titled ‘Suspension of Acceptance of New Applications under the Existing Central Bank of Nigeria, CBN Development Finance Intervention Programme.’
Read more: https://www.investingport.com/access-bank-plc-urge-all-its-customers-to-pay-back-the-cbn-loan/