Addressing newsmen after the exercise, the Chairman of the BIR, Emeka Odo, said the board sealed the banks due to their failure to remit about N1 billion owed the state government.
Browsing: Union Bank
Speaking with newsmen at the event, Barrister Ikechukwu Oliya, a customer of the bank, said: “My experience as a Union Bank customer has been very rewarding
Speaking at the event, Joe Mbulu, the Transformation Director, Union Bank, commented on how the bank’s constant engagement with customers all over Nigeria has driven the bank to keep developing services to support their lifestyle
Some of these include an Elite Associate or relationship manager dedicated to them, access to exclusive Elite lounges at select Union bank branches where they can carry out banking privately and priority pass cards, which among other benefits grants them access to 850 airport VIP lounges around the world
The team’s goalkeeper, Yemi Siyanbola, was given the best goalkeeper award (Male) of the tournament, while eight players from the team have been called upon to join the National Hockey team for the World Hockey League Round 1 comprising Nigeria, Kenya, Ghana and Namibia
Bank, while speaking on the launch of the hotspot, said: “In this mobile age, we need to stay connected to loved ones, businesses and the world in general. To this end, Union Bank customers can carry out their transactions in real-time via UnionMobile. Stallion Hotspot is another simpler and smarter solution to help our customers and communities do more of what matters while on the go
In his opening remarks, the Chief Executive Officer, Union Bank, Emeka Emuwa, said: “We are here today to unveil to you, results of the transformation we started three years ago. Given our almost 100 year heritage, we recognize the need to adapt to the changing economic space, to prepare for the future, to be nimbler and better without giving up our heritage and values
Emuwa said the bank would ensure drastic reduction in cost to income ratio against the 67 per cent posted in the 2015 financial year.
He stated that the bank’s cost to income ratio stood at 183 per cent in 2011, 96 per cent in 2012, 71 per cent in 2013 and 67 per cent in 2014.
GT Bank followed with 42.76 million shares worth N650.49 million, while NEM Insurance traded 26.75 million shares worth N21.554 million
The bank’s profit before tax stood at ₦18.1 billion, compared with ₦20.7 billion posted in the preceding period of 2014, including gain on sale of subsidiaries
Speaking at the event, the Transformation Director of Union Bank, Joe Mbulu, said the essence of the transformation was to show how far the bank cares for its customers, adding that the transformation of the bank began two years ago
The Bank, which has been launching its simpler and smarter products and newly upgraded branches in different states of the country, was received with excitement by customers in the State, who expressed joy over the transformation of the bank into a simpler and smarter bank
It is aimed at facilitating financial inclusion for those at the bottom of the pyramid by grouping rural dwellers mainly women, youth and the physically challenged, training them to be bankable
The statement said Odu joined the board of UBN Plc in 2012 following the $500 million investment in the bank from Union Global Partners Limited, a private equity consortium
Speaking at the unveiling of the new identity, the Chief Executive Officer and Managing Director of Union Bank, Emeka Emuwa, said: “We believe that critical milestones we have achieved in the past three years have laid a solid foundation for us as a bank. The launch of this refreshed identity signals a new phase in Union Bank’s transformation as we set our sights on attracting a new base of customers while remaining focused on providing simple and smart banking solutions to all our customers
Kano Pillars Basketball Club narrowly edged out Dodan Warriors of Lagos 67-66 to progress to the semi-finals in a keenly…
The Union Bank Basketball Club of Lagos defeated city rivals, Dodan Warriors, in a close match that reached fever pitch…
Meanwhile, Union Bank’s prolific midfielder, Oghenovo Uzezi, won for himself the Metro Pro League’ Player of the Month for May
A source at Lagos University Teaching Hospital said that the corpse was found in the bank’s premises at about 5.10am
The source, who also identified the deceased as Ovate Erim, said that until his death, the deceased was one of the security men posted to Union Bank, LUTH branch
Union Bank wasted no time as they fired the first salvo through Tunde Daniel in the first minute of the encounter