UMB poised to lead digital drive in banking sector; grabs Corporate Bank of the Year award

UMB poised to lead digital drive in banking sector; grabs Corporate Bank of the Year award
Source: Ghana | Myjoyonline.com | George Nyavor | george.nyavor@myjoyonline.com
Date: 25-04-2018 Time: 02:04:46:am

Ghanaian bank, UMB Bank, has been awarded 2018 Corporate Bank of the Year in Ghana by the London-based financial magazine, The European.

The award, the second consecutive honours for UMB Bank from The European, is in recognition of the bank’s entrepreneurial approach, innovative use of technology and its distinctive banking solutions.

Receiving the ‘Global Banking and Finance Award for 2018 Corporate Bank of the Year Ghana’ on behalf of the bank last week, CEO of the bank, John Awuah, attributed the bank’s successes to the hard-working staff and dedicated customers.

“I will like to dedicate this award to our customers who are the reason we are still in business. We appreciate [them], and also to our staff for their hard work and making sure that we are able to excite our customers at all times. I would like to also thank The European for recognizing our hard work. I know that I will be here again next year to receive a bigger one,” he said at a short ceremony in London.

John Awuah -UMB

- CEO, John Awuah

Mr Awuah accompanied to London by a delegation that included Director of Consumer and Business Banking, Mr Kevin Cain; Director of Treasury, Mr Kevin Adarkwah; and Director of Marketing and Communications, Ms Yvonne Botchey.

They also participated in the UK Ghana Investment Summit, and also took part in a BBC interview on Focus on Africa.

That summit was attended by Nana Addo Dankwa Akufo-Addo together with several government functionaries as well as stakeholders from the business community.

“We are very much poised to take advantage of the opportunities that technology provides…statistics abound that the next frontier in banking is in people’s homes, their cars in their offices, in schools.

“If you are a bank that is poised for the future then you must invest today in the right technology to be able to be the partner for the future. At UMB, every cedi that we spend in the fiscal infrastructure, we spend ten folds in technology, making sure we are investing in technology. And technology being the delivery outlet for the future, we are very much in the space,” said Mr Awuah in an interview with The European’s Juliet Foster.

$100 million for One-District One-Factory programme

Mr Awuah also disclosed his bank's support for government's flagship industrialisation project, the One-District One-Factory programme.

The programme launched by President Akufo-Addo is aimed at establishing at least one factory or enterprise in each of the 216 districts of Ghana to create economic growth those areas and create jobs for the teeming youth.

The policy aims to transform the structure of the economy from one dependent on production and export of raw materials to a value-added industrialised economy, driven primarily by the private sector.

"We are the number one bank when it comes to the One-district, One-factory and what we call the Stimulus Package programme. We are the number one partner bank.

"We are the first bank to come out boldly and strongly that we believe in what the President said and the fact that the country is at the stage where we need to move to the next level of our evolution. We have a strong belief that the environment is ripe for industrialisation and that is why we have devoted, within our liquidity space, $100 million for the One-District One-Factory programme," Mr Awuah said.

Innovation

The bank recently launched its groundbreaking mobile application, the UMB Speed Up which has since been getting accolades for its appeal and the services it provides customers.

UMB Bank is a full-service financial institution specialising in customised banking products and services. The bank opened on March 15, 1972, and has become a leading indigenous bank with considerable financial expertise.

UMB Bank currently has 36 branches, three UMB Centres for Businesses, one UMB PPP Incubator Centre and a vast network of ATMs.

 

 

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