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However, UBA said it has deepened its consumer product offerings with the aim to deliver services that will empower the customers, thus stimulating economic growth on the continent.
UBA’s Head, Consumer Lending, Anant Rao, during a virtual media parley said the bank focuses on this critical aspect to ensure that the customers are delighted.
“UBA takes consumer lending very important because of the active role it plays in economic development.
“And this is why consumer lending is very essential to us, as it is the category of financing centred 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.
UBA Ahead Of Peers in stimulating Economic Growth in Africa Through Consumer Lending Posted by African ExaminerAfrican News, Business News, Featured, Latest News Thursday, July 1st, 2021
(AFRICAN EXAMINER) – Pan African financial Institution, United Bank for Africa (UBA) Plc has emphasized its unwavering commitment to the support of businesses and financial inclusion in Africa through its array of consumer lending products.
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.
Consequently, the bank has further deepened its consumer lending product offerings with an aim to delivering services that will empower the customers, thus stimulating economic growth on the continent.
UBA stimulates Local Economic Growth in Africa Through Consumer Lending
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