World’s Best Banks 2022: Union Bank Receives High Ratings in Five Euromoney Market Leaders Rankings

Union Bank of Nigeria is pleased to announce that it has received high ratings in five categories of the 2022 Euromoney market rankings.

The Bank was recognised as ‘Highly Regarded’ in Corporate Banking, Corporate and Social Responsibility (CSR) and Environmental, Social and Governance and classified as ‘Notable’ in SME Banking and Digital Solutions.

Euromoney Market Leaders is an independent global assessment of the leading financial service providers across key categories in each market. The ‘Market Leaders’ rankings take multiple sources of data including qualitative and quantitative to build a robust and objective picture of industry leaders.

These recognitions in five categories reaffirm Union Bank’s strong position in the Nigerian banking sector characterised by improved business products and services.

The CSR and ESG ‘Highly Regarded’ ranking demonstrate Union Bank’s proven track record and commitment to being a responsible organisation. Initiatives like UnionCares and the Employee Volunteer program, are examples of the positive contributions made by the Bank. Beyond giving back to the communities it serves, Union Bank is also a leading advocate for sustainability.

The Bank embeds sustainable practises in all its operations and has over 400 solar-powered branches and Automated Teller Machines (ATM) to buttress its goal of embracing clean energy for reduced carbon footprint.

Union Bank was also ranked as ‘Notable’ in recognition of the significant advancements the Bank has made in digital solutions. In addition to already-existing online channels/tools, and a variety of advanced digital payment methods designed to provide seamless and secure banking experience, Union Bank recently launched SpaceNXT – a fit for purpose co-creation technology hub for visionaries, techpreneurs and innovators. This hub reflects Union Bank’s focus on developing niche technological solutions.

Another area where Union Bank ranked ‘Notable’ was SME banking, in recognition of the Bank’s continued support for small businesses in Nigeria. This is in addition to the Bank’s recent recognition by Global Finance as the Best Bank for SMEs in Nigeria.

Commenting on this year’s Euromoney Market Leaders ratings, Ogochukwu Ekezie-Ekaidem, Chief Brand and Marketing Officer, Union Bank said:

“We are pleased to be recognised by Euromoney as ‘Highly Regarded’ and ‘Notable’ in these five categories. This recognition validates the success of our business strategy as we are a digital-led bank with a culture that embeds sustainability across all our operations using a unique triple-pillar model of Citizenship, Sustainability, and Innovation. We remain committed to doing our part to contribute to the environmental, socioeconomic, and financial development of our nation and continent while providing our customers with simpler, smarter solutions.”    

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Note to editors:

About Union Bank Plc.

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions.

The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria.

The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its customers convenient electronic banking channels and products including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.

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