Union Bank of Nigeria Plc. has introduced a new hybrid business account, specially tailored to cater to the needs of small businesses. The new UnionEnterprise Hybrid Account gives growing businesses the flexibility of a current account with the benefits of a savings account. It is suitable for businesses such as co-operative societies, trade associations, professional bodies, social clubs and Non-governmental organizations. Speaking about the new product, Akinmade Olufunwa, Head of Retail Liabilities at Union Bank said: “small businesses are integral to the Nigerian economy and it is important that we develop the right products and services to support them. The launch of the UnionEnterprise Hybrid Account is our way of supporting small businesses through competitive and specialized offerings that are designed to help them grow”. Some of the features of the UnionEnterprise Hybrid Account include: access to Union Bank’s array of value adding, e-banking products and services; a minimum daily opening and closing balance of N5, 000 only; lodgement of cheques/dividend warrants; as well as provisions for third party over-the-counter transactions across the Union Bank branch network. Additionally, UnionEnterprise Hybrid Account holders will enjoy accrued interest on their account balance at the prevailing savings account rate, with zero commission on turn over.
Notes to Editors:
About Union Bank of Nigeria 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 350 branches across Nigeria.
In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2013 the Bank embarked upon a Transformation Programme, designed to re-establish it firmly as one of Nigeria’s leading financial institutions.
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, Bank Cards, ATMs and POS Systems.
More information can be found at www.unionbankng.com.
Media Enquiries:
Francis Barde Ogochukwu Ekezie-Ekaidem : +2348023191736 Tel: +234 1 2716800 –ext 2953 Email: fbarde@unionbankng.com Email: osekezie@unionbankng.com
UNION BANK LAUNCHES TAILORED HYBRID ACCOUNT FOR SMALL BUSINESSES LAGOS – November 26, 2014 – Union Bank of Nigeria Plc. has introduced a new hybrid business account, specially tailored to cater to the needs of small businesses. The new UnionEnterprise Hybrid Account gives growing businesses the flexibility of a current account with the benefits of a savings account. It is suitable for businesses such as co-operative societies, trade associations, professional bodies, social clubs and Non-governmental organizations. Speaking about the new product, Akinmade Olufunwa, Head of Retail Liabilities at Union Bank said: “small businesses are integral to the Nigerian economy and it is important that we develop the right products and services to support them.
The launch of the UnionEnterprise Hybrid Account is our way of supporting small businesses through competitive and specialized offerings that are designed to help them grow”. Some of the features of the UnionEnterprise Hybrid Account include: access to Union Bank’s array of value adding, e-banking products and services; a minimum daily opening and closing balance of N5, 000 only; lodgement of cheques/dividend warrants; as well as provisions for third party over-the-counter transactions across the Union Bank branch network. Additionally, UnionEnterprise Hybrid Account holders will enjoy accrued interest on their account balance at the prevailing savings account rate, with zero commission on turn over.
Notes to Editors:
About Union Bank of Nigeria 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 350 branches across Nigeria.
In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2013 the Bank embarked upon a Transformation Programme, designed to re-establish it firmly as one of Nigeria’s leading financial institutions.
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, Bank Cards, ATMs and POS Systems.
More information can be found at www.unionbankng.com.
Media Enquiries:
Francis Barde Ogochukwu Ekezie-Ekaidem :
Email: fbarde@unionbankng.com
Email: osekezie@unionbankng.com
