Nigeria: Union Bank unveils Agricultural financing scheme at Enugu Trade Fair
April 14, 2008 by ella
Union Bank of Nigeria Plc is availing investors and prospective customers, at this year’s Enugu International Trade Fair, with its agricultural as well as small and medium scale (SME) financing schemes which has placed it as Nigeria’s Best Agricultural Support Bank since inception of the award by the Central Bank of Nigeria (CBN) and the Best SME Financing Bank according to CBN’s latest rating.
The gesture is to empower investors through access to credit to establish new businesses, revive ailing ones, or expand existing ones.
Besides, the bank is also bringing a handful of unique consumer financial products to the fair to satisfy the yearnings and further create value for its teeming customers and prospective ones. The products, which are technologically driven, include Union Ever – savings/current accounts based products; Union life Time Account; Union Plus – consumer credit finance loan products; and Union Galaxy -the electronic banking package. In these categories are bouquet of products, specifically developed to satisfy the yearnings of the different customer segments such as Money Line (Cashmaster), Importers Express Account, Distributor Commodity Link Account, Union Elite Account and Association Account (U-Trade). The products have value-added features and benefits such as greater account flexibility, higher interest rate yields, portfolio management services, insurance covers for account holders, bonus interest, concessionary rates for commission on turnover and direct linkage of deposits with loans, among others.
Other services available include on-line real time banking services, telephone banking, current/savings accounts, Moneygram international money transfer, leasing, trade/commerce as well as products of the bank’s subsidiaries. Customers and visitors to the bank’s stand would be provided with Automated Teller Machine (ATM) to enable them transact necessary banking services such as cash withdrawals, account inquiries, e.t.c.
In addition, the bank is offering professional/business advice on imports/exports, oil and gas, solid minerals and foreign exchange transactions.
