Access Bank on Monday urged its customers to promptly repay any outstanding debts acquired under the Central Bank of Nigeria loan scheme.
The directive comes as part of the bank’s efforts to ensure timely and responsible loan repayment, aligning with regulatory guidelines.
The bank in an email encouraged customers to fulfill their financial obligations to maintain a healthy and sustainable banking relationship with Access Bank.
Access Bank said all existing CBN development finance intervention funds with approved interest rates remain unchanged and are to be fully repaid in line with the terms and conditions, the statement noted.
The bank also advised customers in need of funds to consider alternative loan products and services tailored to their banking needs.
The CBN had in December issued a circular to Deposit Money Bank to stop accepting new loan applications and recover previously granted loans under the scheme.