Leading financial institution, Union Bank of Nigeria, has reiterated its support for Small and Medium Enterprises (SMEs) in the country to drive increased growth and development.
Union Bank made the commitment during the recently-held ‘Top 100 Fastest Growing SMEs in Nigeria’ conference hosted by Business Day, a media organisation.
The event themed “How SMEs can thrive in an age of volatility” was well attended by various stakeholders in the SME sector, including entrepreneurs, industry experts, start-ups and financiers.
The event had different panel sessions to discuss the multiple problems facing SMEs in Nigeria.
Speaking on the funding, Head, Small and Medium Enterprises, Products & Segments, Union Bank, Ayokunnumi Abraham, said that SMEs need to pay attention to capacity building and keeping proper financial records.
According to him,
“SMEs must focus on building capacity and developing the necessary skills to increase their expertise if they hope to succeed in this volatile age.
“SMEs also need to embrace technology and digital tools as enablers for business growth, while ensuring their books and records are organised if they hope to attract funding from the right financial partner.”
Business Day newspaper presented Union Bank with ‘The SME Financier of the Year award in Nigeria’ at the awards ceremony held the same evening, in recognition of the bank’s efforts to support and promote the growth of the SME sector in the country.
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 recognisable brand with an extensive network of over 300 branches across Nigeria.
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.
In addition, the Bank also offers its customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.
