Union Bank Plc has reaffirmed its commitment to assisting small and micro enterprises in the country, saying it is constantly updating its digital channels to ensure it is not exposed to cybercrime threats.
Union Bank’s chief brand and marketing officer, Ogochukwu Ekezie-Ekaidem, told the newsmen at a webinar that the bank’s new managing director and chief executive, Mr Emeka Okonkwo, will retain a focus on retail banking and support for SMEs.
We are focused on retail banking and SMEs and we will continue to grow brands and offerings that customers need. We are committed to empowering the SMEs segment to enable them to access funds and create values.
We are trying to make sure we cluster as many of them to create value. It is important to note that it is not only loans that they require, they ask for other needs like access to market, advisory and others.
On the banking side, we continued to move forward under the new chief executive officer, we have structured our businesses in a way that gave autonomy to our regions. In this case, we have regional directors that oversee the regions,” Ekezie-Ekaidem said.
She explained that increased worldwide digitisation has resulted in an increase in cybercrime and that the epidemic has compelled Nigerians to embrace digital avenues.
She said “what we do is to be ahead of the criminals by upgrading our system regularly. If you hear about cybercrime, know that the system was able to detect it due to its efficiency. We will continue to ensure a high level of protection”.
Recall that, Mrs Yemisi Edun, a business leader and the first female managing director of First City Monument Bank (FCMB), has urged enterprises, particularly micro-businesses, to follow strong corporate governance standards to survive.
She made this statement as a guest speaker at H. Michael & Co’s inaugural corporate governance and enterprise development conference in Lagos.