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From
the Banks |
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| Union
Bank Director Advocates Effective PPP |
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The Executive Director,
Commercial Banking, Lagos, of Union Bank of Nigeria Plc, Dr
Kenneth Adeyemi, has called on the Federal and State Governments
to collaborate with private-sector organizations in their
bid to solve myriads of socio-economic problems plaguing the
nation.
A release signed by Francis Barde of the corporate affairs
unit of Union Bank stated that Dr Adeyemi made the call at
the presentation of a 4-wheel drive Toyota hilux double cabin
van to the Lagos University Teaching Hospital |
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(LUTH) as
part of the Bank's Corporate Social Responsibility (CSR).
Specifically, Dr Adeyemi argued that the nation's socio-economic
problems are too numerous for any government to solve, stressing
that similar problems in the developed countries were solved by
public-private partnership and foundations.
He noted that even though Nigeria as a nation came late into the
application of public-private partnership (PPP) as basis for infrastructural
development, there were still numerous opportunities for corporate
organizations to collaborate in solving the problems by enhancing
their CSR budgets.
According to Adeyemi, Union Bank of Nigeria Plc has been partnering
with various institutions in the health sector by building and equipping
several medical centres and clinics nationwide with a view to addressing
the problems associated with this critical sector.
He listed the contribution of the Bank to the building of the Sickle
Cell Centre (opposite LUTH, Idi-Araba) Health Clinic at University
of Benin as some of the numerous CSR initiatives of the bank in
health sector.
The Executive Director explained that the presentation of the 4-wheel
drive Toyota hilux double cabin van to LUTH was part of the bank's
ways to giving back to its community , noting that the bank's CSR
is also extended to security, business, infrastructure, educational
development, sports and community projects.
Earlier in his welcome address, Professor Akin Osibogun, Chief Medical
Director, LUTH said that the Hospital is the biggest in Lagos metropolis
with over 800 bed spaces andlargest concentration of specialists
in the medical field.
He said that the hospital charges are highly subsidized, attributing
the gesture to key supports received from corporate institutions
like Union Bank.
He appealed to the bank to consider the sponsorship of building
a Renal Transplantation Centre in the hospital with a view to helping
millions of Nigerians in need of the service.
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| LUTH
Commends Diamond Bank Plc |
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The efforts
of Diamond Bank Plc in showing concern to the less privileged in
the society by way of several interventions have been commended
by the Lagos University Teaching Hospital (LUTH), thanking the Bank
for putting back smiles on the faces and hearts of young children.
In a letter addressed to the Bank's management, the Cardiology Unit
of the Department of Paediatrics, Lagos University Teaching Hospital
(LUTH), expressed its profound gratitude to the Bank for supporting
one Miss Yewande Sophia Adelekan to undergo heart surgery at the
Institute of Cardiovascular Disease (ICDV), Madras Medical Mission,
Chennai India.
“We acknowledge with immense gratitude your donation which
contributed substantially to the required airfare, surgery and other
expenses. The surgery was successful and she has fully recovered,”
it said adding that the patient had a surgery on December 22, 2008
in India and came back to the country on January 10, 2009, feeling
hail and hearty.
According to the letter, the positive impact of the surgery on Yewande's
growth, development and general well-being is already noticeable.
“Thank you for putting back smiles on the face and heart of
this young child. Thank you for assisting Yewande Adelekan to live”,
the letter stated.
Head Corporate Communications Department of Diamond Bank, Charles
Udoh confirmed the donation which he said was one among several
others the Bank has been using to give hope to the less privileged
Nigerians faced with life threatening illnesses. “We have
come to identify these less privileged children suffering from some
complicated life threatening illnesses.
Yewande's case is just another demonstration of our resolve in Diamond
Bank to be a responsible citizen and to always support the under
privileged in the society by putting a smile on their faces,”
he said.
Udoh further noted that it was part of Diamond Bank's way of giving
back to the community in which it does its businesses, stressing
that Congenital heart disease is a common birth defect in children
and has contributed immensely to infant mortality rate in the country.
According to statistics, the disease affects approximately 10 of
every 1000 live births worldwide and in Nigeria with an annual births
of five million, it is estimated that 45,000 children are affected
by the disease.
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Intercontinental
Bank Clocks 20, Celebrates with Bonanza |
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Customers,
shareholders and staff of Intercontinental Bank Plc; one of
Nigeria's leading banks, are set to commemorate the 20 years
of successful banking business.
From the bank's over 350 branches spread across the country
and the overseas subsidiaries in Ghana and London, stakeholders
would engage in historic drumbeats of celebrations for the
20 year-old financial institution which has recorded strings
of achievements over the years.
Operating in its first ten years as Nigerian Intercontinental
Merchant Bank Limited (NIMBL), the bank, according to a report
by Securities and Exchange Commission (SEC) in 1993, emerged
the number one investment bank in Nigeria when it was just
five years old.
It had also begun building a network of subsidiaries involved
in other sectors of the financial industry such as discount
houses, insurance, capital market etc thus becoming a financial
conglomerate in its early years. |
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At a time
when merchant banking and commercial banking dichotomy weighed heavily
against the former,
Intercontinental Bank was able to remain among overall top 10 banks
by acquiring commercial banks to play big on both sides of the divide.
And coming from the disadvantages of merchant banking into the new
terrain of commercial banking where its current competitors have
been playing over a decade before it, Intercontinental Bank was
able to amass large retail customer base within so short a time
that it did not only catch up with older institutions but actually
surpassed its peers that have always enjoyed commercial banking
many years before it.
In recent years, at post consolidation, Intercontinental Bank had
emerged one of the top five banks in Nigeria hitting the number
one position in many performance indicators.
In 2007 The Banker Magazine, a subsidiary of Financial Times of
London rated Intercontinental number five bank in Africa and among
the top 500 in the world. It also rated the bank the second fastest
growing bank in the world.
It sustained this impressive positioning such that last year The
Banker in London named it “Bank of the Year (Nigeria) 2008”,
while The African Banker in association with Corporate Council of
Africa declared Intercontinental Bank “African Bank of the
Year 2008” in Washington DC, USA.
In its letter to customers on the anniversary, the Group Chief Executive,
Dr Erastus Akingbola commended them for the growing level of patronage
recorded which he said enabled the bank to achieve its long term
vision within a short time.
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| UBA
Elevates 855 Staff |
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In line with its
Best-Place-to-Work initiative and an unyielding Commitment
to always reward excellence, United Bank for Africa (UBA)
has announced the promotion of 855 employees across all staff
cadres.
Promoting 855 employees at a time like this when most organizations
are embarking on staff rationalization and wage freezes, occasioned
by the Global Economic Meltdown, the exercise will expectedly
raise employee morale and productivity within the bank.
The affected staff were selected through an appraisal exercise
conducted using a new in-house developed performance management
methodology which is based on the Balanced Scorecard framework
that uses both financial and non-financial metrics to identify
high performers in the bank. |
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| UBA has
numerous employee engagement programmes where staff that have excelled
in living the UBA Brand values of Humility, Empathy, Integrity,
Resilience, and Customer service are publicly celebrated and rewarded.
At a last annual CEO Awards held in January, the bank's Group Managing
Director/CEO Mr. Tony Elumelu affectionately described the bank's
staff as “quality human capital and unique talents, who power
the UBA machine day and night.”
According to Mr. Elumelu, in line with its global vision and strategic
intent, UBA aims to be the employer of choice across Africa and
as such places a high premium on its human capital development.
“We take performance management very seriously as a way of
motivating staff to go the extra mile in living the UBA Brand Value”
he said.
With a balance sheet size in excess of N2.3trillion and operating
from over 750 offices globally, UBA is one of the largest financial
services institutions in Africa, employing over 19,000 staff. It
has full-fledged operations in 9 African countries, operating licenses
in 15 African countries and presence in London and New York.
UBA is strategically deepening its roots in Africa with a view to
becoming one of the most recognizable financial services brand in
Africa in the medium term.
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