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Browsing: Union Bank fo Nigeria
- Union Bank of Nigeria Plc has received a $30 million loan facility from the International Finance Corporation (IFC) to help the bank expand lending.
- The facility will allow Union Bank to increase trade financing and working capital lending to Nigerian businesses.
- The loan facility to Union Bank is being made through IFC’s COVID-19 Emergency Response Working Capital Solutions Envelope, which was launched in 2020.
Union Bank of Nigeria Plc has received a $30 million loan facility from the International Finance Corporation (IFC) to help the bank expand lending to hundreds of businesses operating in critical sectors in the country that include food, healthcare, manufacturing, and services.
The facility will allow Union Bank to increase trade financing and working capital lending to Nigerian businesses, including those whose cashflows have been strained by recent disruptions in global and local markets.
“As a bank, we are deeply committed to enabling success for …