Union Bank, one of Nigeria’s foremost financial institutions, has once again delivered on its promise to support charitable organisations with a portion of proceeds from the UnionBetta savings product.
Launched in 2016, Unionbetta is a sub-account that allows Union Bank customers earn attractive interest rates for saving as little as N5,000 monthly. In return, the bank donates a percentage of the interest earned to select non-governmental organisations (NGOS) on behalf of its customers.
In selecting the recipients, priority is given to NGOS making impact in areas such as gender equality, education, talent development, and agriculture which are key pillars of Union Bank’s citizenship efforts that align with Sustainable Development Goals (SDGS) 1,2,4, 5 and 11.
This year, a total of N1.7 million was donated to 10 different charitable organisations to help support their activities. Some of the recipients include United Methodist Church of Nigeria Orphanage, Jalingo; Zinnok Initiative for Women & Children, Abia; Teens Dream Initiative, Kwara and Lagos Food Bank Initiative. Others include Uduak Charles Diaries, Akwa-ibom; Flexisaf Foundation, Abuja and Adolescent Friendly Research Initiative & Care, Ekiti.
Speaking on this initiative, Union Bank’s head of retail deposits, John Obichie, reiterated the bank’s focus on creating value for its customers and giving back to the underprivileged in the society.
