Union Bank expands agency banking network, set to increase financial inclusion
Union Bank of Nigeria Plc has said it will continue to expand its agency banking network to complement its operations and to also increase financial inclusion in Nigeria. This is in line with the bank’s policy of allowing ease of access to, availability of and usage of formal financial systems by its customers.
The bank also said it recently concluded a corporate social responsibility project to support individuals contributing towards reducing economic hardship and fallout of COVID-19 pandemic across Nigeria, by giving out a total of N10 million.
In a recent virtual media parley with journalists, the Head of Corporate Communications and Marketing at Union Bank, Ogochukwu Ekezie-Ekaidem, said the bank planned to increase its agency banking nationwide.
In her words: “Agency banking is a critical piece of how we are growing our network and channels and we are focused on it. Our agency banking footprint continues to grow at this time and we are very much focused on growing that network to reach more customers across the country.”
Furthermore, speaking on the ‘Rise Challenge,’ concluded recently, she said: “We launched the rise challenge about five weeks ago which was popular and successful across online channels. We received nearly 1,200 entries of people who were doing great things within their communities.
“Every week we selected 10 of those stories and rewarded them with N250,000 and we had 40 winners over four weeks which is a total of N10 million.”
She added: “In the face of this pandemic people are still resilient and putting their best foot forward and trying to rise above the challenge and we are very proud of them.”
Meanwhile, Mrs. Ekezie-Ekaidem noted that the bank would continue to focus on reaching more of its customers through its electronic channels as well as through the agency banking network, which according to her, “is critical to its operations”.
Also speaking on its continuous support for the education sector, she said: “We had identified the education sector early on as an area that needed intervention because there were issues before the pandemic and now that we have the pandemic it is a different level of challenges. “Globally, education is going through an evolution given the pandemic and everyone from first world to third world is grappling with what education will look like going forward.”
Union Bank has been in the forefront of supporting critical sectors of the economy through its corporate social responsibility.
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