Accion Microfinance Bank

” We are steadfast in our commitment to ensuring that our digital offerings empower everyone within our communities, fostering financial inclusion across all demographics. ”.

”In 2023, we embarked on a significant journey towards digital leadership by introducing our Recalibrated Digital Execution Strategy 2025. This ambitious strategy has three fundamental pillars: Speed and Efficiency, Growth and Scale, and Customer Experience. The objective - faster loan approvals, expedited transactions, and an enriched banking experience, empowering businesses to manage their financial well-being effortlessly. ”.

” BRIDGING THE GAP AND EMPOWERING BUSINESSES FOR SHARED SUCCESS ”

Esteemed Shareholders, Fellow Distinguished Members of the Board, and Cherished Stakeholders.

Welcome to Accion Microfinance Bankâ??s 18th Annual General Meeting especially as we are particularly pleased to share exciting developments within the bank.

We are looking back at a very challenging year 2023 for the Nigerian economy, paired with difficult international developments. Events like the redesign of the Naira took its toll on overall business activities.

We were able to support 17,043 entrepreneurs and small businesses in Nigeria with financing. In addition, customers deposited NGN Two Hundred and Thirty-Six Million Four Hundred and Twenty -Seven Thousand Three Hundred and Thirty-Five Naira Ninety-One Kobo Only in savings and other products, helping to partially immunize us from external market developments.

We are proud to have positively impacted several customers, their businesses, and families with impactful financial services, in line with our mission and vision. Our, vision, extends beyond financial success as inclusivity remains a fundamental principle guiding our actions.

We are steadfast in our commitment to ensuring that our digital offerings empower everyone within our communities, fostering financial inclusion across all demographics.

We continue in our effort to constantly improve our business model to deliver improved access to financial services for our customers. The role of digital financial services is paramount. This belief drives our digital transformation journey. It involves streamlining our processes and leveraging cutting-edge technology to expand our reach. Through these efforts, we have empowered businesses and communities, setting industry benchmarks for customer experience, operational speed, and market growth.

Our digital projects propel the bank forward and will continue to do so. They are instrumental in our journey towards digital leadershipâ??a future where we strive to connect businesses and communities, fostering a more collaborative and prosperous ecosystem for all.

Christian Ruehmer

Chairman

Accion Microfinance Bank