UBA to embrace technology across the Country

United Bank for Africa (UBA) says it will use technology to reach all parts of the Country in providing banking services and ensuring financial inclusion.
Speaking during a media briefing in Lusaka, Bank new Chief Executive Officer Chinedu Obeta said the bank will also endeavor to take its banking services to higher heights by providing customers with the much needed banking services.
Mr Obeta explained that to this effect, the financial institution has designed financial products that will allow its customers to access banking services at any time despite the outbreak of the Covid-19 pandemic.
“And that is why globally where we have presence. UBA has resolved to celebrate its customers, and I want to commit that the bank will continue to render excellent services to customers through the provision of digital services to meet the customer’s needs,” Mr. Obeta said.
He said it was as if the bank knew about the outbreak of Covid-19 pandemic, looking at the number of banking products that the institution has designed in order to encourage its clients to use banking services despite the advent of the pandemic.
Mr Obeta also disclosed that the bank has engaged the Bank of Zambia (BOZ) on the need to access part of the funds under the 10 Billion Kwacha Stimulus Package.
He said the bank has identified key clients to benefit from the funds in a quest to ensure that adverse effects of Covid-19 are addressed among its clients and Zambians at large.
“In terms of the stimulus package I can confirm that we are participating and we have already engaged the Bank of Zambia over the need to access part of the K10 Billion Kwacha Stimulus Package,” he said.
“We are happy that the central Bank has come up with the stimulus Package in a bid to support companies and households adversely affected by the outbreak of the Covid-19.”

More From Author

World Bank urges Zambia to capture other benefits beyond mining sector

• World Bank is committed to supporting African countries to translate Africa’s mineral wealth into…

Read More

Kwacha gains should benefit consumers – BuyZed

• This is to ensure that consumers begin to enjoy what is produced locally.• Manufactures…

Read More

SEC attributes decline in Q4 bond trades to delayed debt restructuring process

• One of the challenges is to do with the delays in finalizing the debt…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

IZB profit up 18.74% to K604.33 million

IZB has posted a K604.33 million Net Profit after tax for the year ended 31st…

Read More

Indo Zambia Bank declares K50 million dividend cheque

This is part of the K125 million dividend, the highest ever for 2023 financial year.…

Read More

Economist expects currency to hit K15 between April, December, 2024

  The Kwacha has been experiencing an unusual decline since introduction of the Export Proceeds…

Read More