Mr Benjamin K Amenumey- COO of UMB

The Chief Operating Officer of the Universal Merchant Bank has reiterated the bank's relentless commitment to support government in the implementation of its One District; One Factory flagship program.

Mr Benjamin K Amenumey hinted the bank earmarked 100 million dollars in 2017 to support government’s one district, one factory initiative.

"With forty-six years experience in banking, we believe that our bank can grow when we support both private and public sector businesses. We have therefore made 100 million dollars available to support individuals who want to partner with government to realize its one D one F program" Mr Amenumey disclosed this at the launch of the new Sunyani branch which will be headed by Mrs Lioba Yamaala Guo.

He again hinted of a stimulus package which will provide loans for collapsing businesses which are battling with utility bills and exchange rate among others to revive.

"We have an agreement with government to provide financial assistance to struggling businesses at a very lower interest rate. Government has also agreed to share the interest rate with the businesses to help them revive" the COO indicated.

 "We can also assure you of our fastest digital banking platform, the UMB SpeedApp which helps both customers and non-customers to electronically make payments without any hustle or tussle. This will help augment government's strive for a cashless system" he added.

(From left) Obrempong Amponsem II, Mr Amenumey and Nana Bofotia Boamponsem(Syi Kontihene)

Obrempong Ameyaw Amponsem II, the chief of Anyima in Brong Ahafo who has four years banking experience with the bank called on the people of Brong Ahafo to patronize the services of the bank since it has a lot of goodies to offer its customers. 

"Mysteriously this bank has the same colours of the traditional team of Brong Ahqfo, BA United, hence I will entreat you all to save here especially in this era where we all want our indigenous banks to survive. I will also appeal to management to employ our qualified  graduates and insist on the usual good customer care to attract more customers" Nana advised.

Inside the banking hall

The regional chief Imam, Sheikh Abdul Kadri Umar, Pastor Gospel Odame Kentoe of Elim City Chapel, Rev Joseph Danquah of Assemblies of God and officials from the Bank of Ghana were there to grace the occasion.

Universal Merchant Bank (UMB) is a full-service financial institution specializing in customized banking products and services. Opened on March 15, 1972, UMB is a leading Ghanaian indigenous bank with considerable financial expertise. Through their Corporate, Business, Private, Personal and Internet Banking departments UMB is able to adequately address the financial needs of various segments of the Ghanaian market. 

Furthermore, UMB's Trade, Treasury and Credit departments complement their broad range of financial services with their unique and innovative banking products.

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