{"id":50160,"date":"2021-07-01T20:49:39","date_gmt":"2021-07-01T19:49:39","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=50160"},"modified":"2021-07-01T20:49:39","modified_gmt":"2021-07-01T19:49:39","slug":"uba-ahead-peers-in-stimulating-economic-growth-in-africa-through-consumer-lending","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/uba-ahead-peers-in-stimulating-economic-growth-in-africa-through-consumer-lending\/","title":{"rendered":"UBA Ahead Peers In Stimulating Economic Growth In Africa Through Consumer Lending"},"content":{"rendered":"<p class=\"yiv9694763617MsoNormal\">Pan African financial Institution, United Bank for Africa (UBA) Plc\u00a0<span lang=\"EN-US\">has emphasized its \u00a0unwavering commitment to the support of businesses and financial inclusion in Africa through its array of consumer lending products.<\/span><\/p>\n<p class=\"yiv9694763617MsoNormal\"><span lang=\"EN-US\">There has been clear evidence that credit remains a major economic stimulant and growth driver; but this has been largely inaccessible to the informal sector which dominates the African economies and small businesses that constitute the primary growth engine.<\/span><\/p>\n<p class=\"yiv9694763617MsoNormal\"><span lang=\"EN-US\">Consequently, the bank has further\u00a0<\/span>deepened its consumer lending product offerings with an aim to delivering services that will empower the customers, thus stimulating economic growth on the continent.<\/p>\n<p class=\"yiv9694763617MsoNormal\">UBA\u2019s Head, Consumer Lending, Anant Rao, said that the bank focuses on this critical aspect in line with its customer 1st philosophy is to ensure that the customers and delighted at every touchpoint.<\/p>\n<p class=\"yiv9694763617MsoNormal\">Speaking during a virtual media parley attended by a diverse group of journalists and publishers from all over Africa, on Wednesday, he said, \u201cUBA takes consumer lending very important because of the active role in plays in economic development. At UBA, we recognise that customers are important to economic growth, therefore our various offerings are positioned to support them in this regard. These loans have been developed by the bank in line with its purpose to meet the financial needs of customers and to be a part of their daily lives. \u201c<\/p>\n<p class=\"yiv9694763617MsoNormal\">\u201cAnd this is why consumer lending is very essential to us, as it is the category of financing centered on individual and household consumers, which includes personal loans extended to people who use the funds for individual or family purposes as well as home and auto loans; and so, today in UBA, we make the following loan products available to our customers: UBA Personal Loan; Credit Card; Advance to Pensioners; Education Loan; Auto Loan; Asset Finance; Insurance Premium Financing; UBA Mortgage among others,\u201d Rao continued.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p class=\"yiv9694763617MsoNormal\">He took time to speak on UBA\u2019s Click Credit &#8211; a much loved and accepted facility that makes instant cash available to customers with salary accounts within minutes. \u201cAvailable to all salaried customers, the Click Credit product is an instant loan with no form of documentation, paperwork or queues and is available within seconds of request. In fact, anybody who owns a mobile phone can borrow from UBA,\u201d Rao said, adding that the product can also be accessed via USSD, Leo, U-Mobile and Internet Banking.<\/p>\n<p class=\"yiv9694763617MsoNormal\">While emphasising that UBA will use consumer credit as a means to an end to satisfy the full range of a family\u2019s financial needs and aspirations across Africa, the consumer banking boss took time to talk about the innovations that drive the bank\u2019s business including Mobile Banking, Internet Banking, USSD, LEO, Kastle among others.<\/p>\n<p class=\"yiv9694763617MsoNormal\">United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-one million customers, across over 1,000 business offices and customer touch points, in 20 African countries.<\/p>\n<p class=\"yiv9694763617MsoNormal\">With presence in the United States of America, the United Kingdom and France, UBA is connecting people and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Pan African financial Institution, United Bank for Africa (UBA) Plc\u00a0has emphasized its \u00a0unwavering commitment to the support of businesses and financial inclusion in Africa through its array of consumer lending products.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":25985,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[8804,727],"coauthors":[2391],"class_list":["post-50160","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-consumer-lending","tag-uba"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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