A pan-African financial institution, United Bank for Africa Plc, has said it is committed to supporting businesses and financial inclusion in Africa through its consumer lending products.
UBA said there had been clear evidence that credit remained a major economic stimulant and growth driver.
According to the lender, credit has been largely inaccessible to the informal sector, which dominates the African economies and small businesses that constitute the primary growth engine.
The bank said it had deepened its consumer lending product offerings to deliver services that would empower the customers and stimulate economic growth on the continent.
The Head, Consumer Lending, UBA, Anant Rao, said the bank focused on these critical aspects in line with its philosophy to ensure that the customers were satisfied.
Speaking during a virtual media briefing, which was organised by the bank on Wednesday, said, “UBA takes consumer lending very important because of the active role it 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.
