Union Bank Renews Commitment to SME Growth - The Top Society

Union Bank Renews Commitment to SME Growth

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In a resounding affirmation of its dedication to fostering the growth of Small and Medium-sized Enterprises (SMEs) in Nigeria, Union Bank of Nigeria reiterated its commitment to providing easy access to capital for this vital sector. The financial institution’s pledge was made at the recently held 2023 edition of the ‘Top 100 Fastest Growing SMEs in Nigeria’ conference, hosted by Business Day newspaper.
Themed ‘Accelerating growth for SMEs in an era of uncertainty,’ the conference convened industry experts, small business owners, policymakers, and other stakeholders in the SME sector. The well-attended event featured insightful panel sessions, with discussions centered on various issues related to the development of SMEs in Nigeria.
During the ‘Raising Finance for SMEs’ panel, Gloria Omereonye, Area Business Executive at Union Bank, shared valuable insights on supporting SMEs in accessing finance. Omereonye emphasized the significance of providing hassle-free, seamless, and technologically innovative processes for SMEs to receive loans. She stated, “At Union Bank, we are always keen to collaborate and support entrepreneurs looking to scale up their small ventures.”
Union Bank
Union Bank expressed its pleasure in continuing its association with the Business Day 100 SME Conference, acknowledging the platform’s role in showcasing the contributions of small and medium-sized enterprises crucial to developing the Nigerian economy.

“Access to timely and adequate capital is a major need for small businesses. Creating hassle-free, seamless, and technologically innovative processes for SMEs to receive loans is a big relief for businesses looking to develop and grow their enterprises quickly. At Union Bank, we are always keen to collaborate and support entrepreneurs looking to scale up their small ventures,” the bank stated.

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. has evolved into a household name and one of Nigeria’s long-standing and most respected financial institutions. With an extensive network of over 300 branches across Nigeria, the bank provides a variety of banking services to individual and corporate clients.
Services offered by Union Bank include current, savings, and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing, and trade finance. The bank also emphasizes convenient electronic banking channels and products, such as Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.
As Union Bank continues to play a pivotal role in supporting SMEs, its commitment to providing accessible capital aligns with broader efforts to drive economic growth and entrepreneurship in Nigeria. The bank remains a trusted brand, contributing to the development and resilience of the nation’s business landscape.
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