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UBA Group Gets Double honours…

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*** Wins CEO, 2019 Bank of the Year

Pan-African financial Institution, United Bank for Africa Plc got double honours over the weekend as it emerged the Bank of the year 2019; while its Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka, also emerged CEO of the year at the Business Hallmark Newspaper Awards, held at the Civic Centre in Lagos on Sunday.

Uzoka beat other CEOs to the prize owing to his sterling achievement since he assumed the leadership role of the bank three years ago, whilst UBA was crowned bank of the year following its exceptional performance as it recorded impressive performance in key financial indicators in 2019.

This is the second time this year that Kennedy Uzoka has emerged CEO of the year as he had only recently clinched the Business Day Banking Awards, (BAFI). The recognitions and awards have further endorsed his visionary leadership style which has consistently earned UBA a plethora of laurels.

Receiving the awards on behalf of the bank, at a well-attended ceremony, which assembled distinguished personalities, UBA’s Executive Director, Mr. Ayoku Liadi, who represented the GMD, thanked the organisers for the recognition, noting that he was proud to work at one of the best institutions in Africa.

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“We are creating superior value for all our customers, because we believe they are key to our everyday operations and this commitment, without a doubt has been yielding dividends,” Liadi said.

He continued: “Whilst we are encouraged by these awards, the recognitions present new challenges to us, as we will intensify our commitment towards setting benchmarks for the industry, particularly in our strategic roles,”

The Organiser of the awards and the Chief Executive Officer of Business Hallmark, Emeka Obasi, who spoke at the event explained that the best CEO award is borne out of the need to recognise achievements of financial executives who have been outstanding in their profession and have contributed in no small measure to the growth of their organisations and the economy at large.

Obasi also noted that the award given to UBA, is no doubt a well-deserved one, as is evidenced in the banks numerous innovations, and consistent investment in cutting edge technology giving birth to many firsts, including the launch of Leo the Chat Banker, in January of 2018. This fear has earned the bank the number one position in the digital space.

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“Uzoka also did well by focusing on consistent expansion of UBA’s activities and services across and beyond the African continent”, all this is worthy of recognition.” Obasi concluded.

Just recently, UBA released its nine-month results ended September 30, 2019, closing the period with an impressive after-tax profit of N81.63bn, a growth of 32% over that of 2018, a momentum the bank will most likely sustain into the full-year, pointing to the possibility of even higher profits.

The bank’s gross earnings for 2019 nine-month stood at N428.22bn, compared to N310.45bn in 2018, representing 37.94% rise, while profit hit N81.63bn, from N61.7bn in 2018. The UBA group’s impairment charges on financial assets for the period decreased to N6.66bn, compared to N10.67bn in 2018, resulting in a decline in loan loss provision of 37.58%, thereby boosting the bank’s profit for the period.

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Sterling Bank Contributes N250m To Private Sector Coalition Against COVID-19

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Sterling Bank

Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme: “We need you.”

 

 

The bank, in an email to its customers, disclosed that it is working with the Bankers’ Committee to lead the effort to raise N120 billion required by the Federal Government to fight the coronavirus pandemic and help achieve the shared goal of eradicating the virus.

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Managing Director and Chief Executive Officer of Sterling Bank, Mr. Abubakar Suleiman said, “While this will go a long way, more still needs to be done. We have come to acknowledge that this battle will require every one of us to play our part as corporate citizens and individuals.”

 

 

He enjoined other public spirited corporate organisations and individuals to join in the fight against COVID-19 by making a contribution to the Fight COVID-19 Fund (FCF) and help the coalition to defeat the pandemic for good. He said every Naira donated will go a long way in saving the country from the pandemic.

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Suleiman said donations should be sent to:

 

Bank Name:                Sterling Bank

Account Name:           COVID Donations

Account Number:        0076813615

 

He urged Nigerians to show their strength by uniting against the virus, saying a Swahili proverb which translated into English means “Unity is strength; division is weakness,” is needed now more than ever.

 

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Union Bank Partners 54Gene To Raise $500,000 Towards Nigeria’s Fight Against COVID-19

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Union Bank

Union Bank, one of Nigeria’s foremost financial institutions has announced a US$130,000 (N50million) donation to tackle the spread of the Coronavirus pandemic in Nigeria.

The donation was made into a fund set up by 54gene, an African genomics research, services and development company working closely with the Nigeria Centre for Disease Control
(NCDC) to fight the COVID-19 pandemic.
The money will help increase COVID-19 testing capacity in the country by up to 1,000 additional tests a day, by buying testing instruments and critical biosafety materials such as biosafety cabinets and personal protective equipment urgently needed to keep frontline healthcare workers safe.

The procured equipment will be installed in general hospitals and laboratories across the country, and will remain in place even after the ongoing COVID-19
pandemic, to be used in the case of future outbreaks.

In addition, there will also be extensive training and support to medical practitioners and volunteers working across the country to curb the menace.

Announcing the donation, the Chief Executive Officer of Union Bank, Emeka Emuwa, said: “Community is one of our core values at Union Bank, and there’s no better time to live this value than now. A critical need for the country at this time is to scale up our testing capabilities and give us a better chance of slowing the spread of the virus. We are therefore pleased to be supporting 54gene who is directly collaborating with NCDC and World Health Organisation who are coordinating Nigeria’s Covid-19 response.
While commending Union Bank on its donation, the CEO of 54gene, Dr. Abasi Ene-Obong also said: “The rapid and assured response from some of Nigeria’s most reputable institutions, such as Union Bank, to join us in our fight against this deadly disease is highly
welcome, and we thank them for their unwavering support. They, like us, understand the need for a multi-stakeholder, co-ordinated plan, that can be implemented almost immediately, as we work together as a community, side-by-side, to fight COVID-19 and protect our nation.”

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Last week, Union Bank, which had already been proactive in rolling out stringent safety and  hygiene practices within its branches and service locations, took the lead in activating remote work for its employees, directing more than 70% of its employees in non-service functions to work from home starting Monday, 23rd of March.

Union Bank also announced the launch of a toll-free Customer Care number 0800 700 700 which customers can call free of charge at anytime of the day or night to get help with banking issues.

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These initiatives underscore Union Bank’s commitment to containing the spread of the virus while actively supporting the communities within which it operates.

About Union Bank Plc.

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions.

The Bank is a trusted and recognizable brand, with an extensive network of over
300 branches across Nigeria.

In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2014 the Bank began executing a transformation programme to re￾establish it as a highly respected provider of quality financial services.

The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency
domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its customers convenient electronic banking channels and products including Online Banking,
Mobile Banking, Debit Cards, ATMs and POS Systems.

More information can be found at: www.unionbankng.com. Media Enquiries: Email yowonubi@unionbankng.com

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FIDELITY BANK COVOID-19 UPDATE

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In line with the collective resolve to fight the COVID-19 pandemic, Fidelity Bank, as a responsible corporate citizen, wishes to join in sharing information with the public as follows;

·Fidelity Bank mandates staff or immediate family member(s) who travel out the country to self-isolate for 2 weeks and obtain medical clearance before returning to work as part of our COVID-19 Preventive and Precautionary Measures.

· This process was activated and strictly adhered to by one of our staff members who returned from holidays in the United Kingdom.

· He was in self-isolation and underwent testing in line with the bank’s policy. The test results returned positive at the weekend and we quickly arranged for him to be moved to the Nigeria Centre for Disease Control (NCDC), where he is currently being attended to by health officials.

·We are in constant touch with him and have been monitoring the situation closely. Our thoughts and prayers are with him.

·Though the staff has not been at the bank since returning from the UK, he however brought some consignments for two other staff which were delivered to them individually.

·We have self-isolated the 2 individuals and sent them for necessary testing. In addition the office where these 2 individuals work, has been temporarily shut and has been disinfected.   Due to the proactive measures taken by the bank, contact tracing within the bank was very swift and conclusive with no customers involved.

·We have also shut down our Federal Secretariat, Abuja Business Office and advised all staff/vendors to self-isolate and go for testing in line with our policy on COVID-19, on account of possible exposure of a vendor staff.

· Apart from the directive on isolation and testing for staff and family members who have had trips abroad within this period, the bank has in place, several other precautionary measures as advised by the World Health Organization (WHO) and other health institutions. They include;

· Body temperature screening of staff and visitors before being allowed access to all our premises

·Wearing of gloves and facemasks by all our frontline staff.

·Reduction in the number of staff expected to come to work. 60% of our staff now work remotely from home.

·Reduction of the number customers allowed at a time into our banking halls to a maximum of 5.

·Encouragement of good personal hygiene and deployment of hand sanitizers at all our office locations.

·Social distancing and abolition of physical meetings and large gatherings

·Deployment of video conferencing and other devices to allow for remote meetings.

Fidelity Bank places a high premium on health and safety. We shall continue to do everything within our means to ensure the health and safety of all, including customers, vendors, staff and indeed everyone who comes into our premises.

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