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MarketScreener Homepage  >  Equities  >  NIGERIAN STOCK EXCHANGE,THE  >  UNION BANK NIG.PLC.    UBN   NGUBN0000004

UNION BANK NIG.PLC.

(UBN)
  Report  
End-of-day quote. End-of-day quote NIGERIAN STOCK EXCHANGE,THE - 10/17
7 NGN   0.00%
10/04Union Bank Secures U.S.$200 Million to Fund SMEs and Women Initiatives
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09/24UNION BANK NIG.PLC. : Nomination
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07/31UNION BANK : Announces Edtech Challenge
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Union Bank secures $200m OPIC funding for SMEs

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10/12/2019 | 11:59pm EDT
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Union Bank of Nigeria Plc has secured $200 million in funding via a partnership with sub-Saharan Africa financial services group, Atlas Mara Limited, in agreement with Overseas Private Investment Corporation (OPIC).

OPIC is the U.S. government’s development finance institution.

Under the terms of the agreement, Union Bank will receive a ten-year term loan of up to $200 million from OPIC for investments in digitization, on-lending to Small and Medium Enterprises (SMEs) and funding for women-led businesses, as part of OPIC’s 2X Women’s initiative which aims to catalyse $1 billion for investment in women across developing nations.

Speaking on the funding milestone, Emeka Emuwa, CEO of Union Bank said, “We welcome this partnership with OPIC as we are well-positioned in Nigeria to further advance lending to key segments of the population, especially SMEs. The 10-year tenor of the OPIC facility provides flexibility to maximize impact across key sectors of the Nigerian economy as we continue to advance proven initiatives including those focused on women’s banking and financial inclusion.”

David Bohigian, President and CEO of OPIC also noted that, “OPIC is delighted to partner with Atlas Mara and the team at Union Bank to drive inclusive leading in Nigeria. This funding benefits SMEs and women and will help serve the needs of underbanked and unbanked individuals and businesses while fostering entrepreneurship and economic development across Nigeria.”

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© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
ATLAS MARA LIMITED 2.13% 1.2 Delayed Quote.-27.71%
UNION BANK -0.34% 14.5 Delayed Quote.0.00%
UNION BANK NIG.PLC. 0.00% 7 End-of-day quote.25.00%
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Latest news on UNION BANK NIG.PLC.
10/12Union Bank secures $200m OPIC funding for SMEs
AQ
10/09Union Bank secures $200m OPIC funding for SMEs
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10/05Union Bank secures $200m funding for SMEs, women's initiatives
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10/04Union Bank Secures U.S.$200 Million to Fund SMEs and Women Initiatives
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10/03Union Bank secures $200m funding for SMEs, women's initiatives
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More news
Financials (NGN)
Sales 2017 -
EBIT 2017 -
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 -
Capi. / Sales2017 -
Capi. / Sales2018 -
Capitalization 204 B
Chart UNION BANK NIG.PLC.
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UNION BANK NIG.PLC. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 6,93  NGN
Last Close Price 7,00  NGN
Spread / Highest target -1,00%
Spread / Average Target -1,00%
Spread / Lowest Target -1,00%
EPS Revisions
Managers
NameTitle
Emeka Emuwa CEO, Group Managing Director & Director
Cyril Akporuere Odu Chairman
Segun Lamidi Head-Operations
Joseph Mbulu Chief Financial Officer
Nath Ude Executive Director & Head-Service & Technology