Union Bank of Nigeria Plc has, again, retained its position as the Best Performing Bank in Nigeria under the Central Bank of Nigeria – managed Agricultural Credit Guarantee Scheme Fund ( ACGSF); making it the 5th time the bank is winning the award since the inception of the entrepreneurship awards in2006.
The bank was adjudged the best farmer friendly bank, by the CBN jury that assessed all the deposit money banks in the country on three criteria, namely; outreach or the number of loans granted in 2011; lending experience especially the value of loans granted in 2011, and compliance with the CBN directive on establishment of agricultural finance department.
The Governor of Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, presented the trophy to the Executive Director, Commercial Banking, South, of Union Bank, Mr. Adekunle Adeosun at the sixth Annual Micro -Finance Conference and Entrepreneurship Awards held at the Ladi Kwali Hall.
The award is an eloquent testament of Union Bank’s efforts at developing the agriculture sector and bolstering national food security.
Armed with the best agric finance desk, manned by well trained agric officers and the best outreach to rural areas nationwide,? Union Bank ,had over the years,? been supporting all categories of farmers thereby aiding the apex bank in fast-tracking the development of the agriculture sector of Nigerian economy.
The entrepreneurship awards were instituted by the CBN in 2006 after the launching of the micro –finance Policy, Regulatory and Supervisory Framework for Nigeria in 2005.