An appraisal of innovative lending practices in corporate banking: A case study of Access Bank Nigeria, Kano
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Background of the Study
Innovative lending practices are essential for enhancing credit accessibility and managing risks in corporate banking. Access Bank Nigeria in Kano has developed a range of innovative lending practices aimed at addressing the unique needs of corporate clients. These practices include the use of alternative data for credit scoring, flexible loan structures, and digital platforms that streamline the loan application and approval processes (Okechukwu, 2023). By incorporating technology into lending, Access Bank has been able to offer faster credit decisions, reduce paperwork, and lower operational costs. Innovative lending practices also allow for the customization of financial products, enabling the bank to tailor solutions to specific industry needs. This approach not only improves customer satisfaction but also enhances portfolio quality by mitigating risks associated with traditional lending models (Adenola, 2024). However, challenges such as regulatory constraints, data integration issues, and the need for continuous monitoring of emerging risks remain significant. These factors underscore the importance of evaluating the effectiveness of innovative lending practices and their impact on corporate banking performance (Chukwu, 2025).
Statement of the Problem
Although Access Bank has implemented innovative lending practices, several challenges persist that affect the efficiency and effectiveness of its lending operations. One key problem is the integration of new credit assessment tools with existing legacy systems, which can lead to inconsistencies in borrower evaluation and delayed loan approvals (Okechukwu, 2023). Moreover, the reliance on alternative data sources poses challenges regarding data reliability and regulatory compliance. High operational costs associated with technology investments and the need for specialized training further complicate the adoption of these practices. In addition, rapidly changing market conditions and evolving customer needs make it difficult to maintain the relevance of innovative lending models over time, potentially increasing the risk of non-performing loans (Adenola, 2024). These issues impede the bank’s ability to provide timely and accurate credit solutions, ultimately affecting customer satisfaction and profitability. This study aims to identify these challenges and propose strategies to optimize innovative lending practices in corporate banking.
Objectives of the Study
- To assess the effectiveness of innovative lending practices in Access Bank’s corporate banking division.
- To identify challenges related to technology integration and data reliability.
- To recommend strategies for optimizing lending practices to enhance performance.
Research Questions
- What innovative lending practices are implemented by Access Bank?
- What challenges affect the integration and reliability of these practices?
- How can lending practices be optimized to reduce risks and improve profitability?
Research Hypotheses
- H₁: Innovative lending practices significantly improve loan processing efficiency.
- H₂: Integration issues with legacy systems negatively affect lending accuracy.
- H₃: Enhanced data reliability and training reduce the incidence of non-performing loans.
Scope and Limitations of the Study
This study focuses on Access Bank’s corporate banking division in Kano, reviewing lending practices over recent fiscal periods. Limitations include potential data inconsistencies and external regulatory influences.
Definitions of Terms
- Innovative Lending Practices: New approaches to credit evaluation and loan structuring using digital technology.
- Corporate Banking: Financial services provided to large business entities.
- Alternative Data: Non-traditional data sources used to assess creditworthiness.
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