News Column

Union Bank Partners Firm

July 21, 2014

Union Bank of Nigeria Plc has entered into a partnership with to provide a global limit of N1 billion for the latter's agents.

According to a statement, the bank's Head of Commercial Banking and Regional Executive, Kingsley Ulinfun, said at the presentation of Union bank's offer "that Union bank is excited about this partnership as it gives the bank an opportunity to work with growing businesses and expose the banks revamped services."

He stated that the partnership would be about growth for the affiliates, for Wakanow as well as for the bank.

The partnership was structured to provide funding to qualified agents and affiliates of Wakanowto improve business turnover and grow their margins. In addition, making funding more accessible to this market segment will lead to expansion of the travel industry as a whole.

To qualify for the scheme, the existing Wakanow sub-agents and affiliates must be registered Nigerian company in existence for a minimum of two years with a monthly sales figure of N2 million and a clean credit bureau record.

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Source: AllAfrica

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