Union Bank of Nigeria Plc, (NSE:UBN, Bloomberg: UBN NL) (“Union Bank” or the “Bank”), releases its unaudited Group and Bank financial results for the nine months ended 30 September 2014, prepared on the basis of International Financial Reporting Standards (IFRS).
Commenting on the Bank’s third quarter activities, Group Managing Director and Chief Executive of Union Bank, Emeka Emuwa, said: “Our third quarter activities were focused on continuing and consolidating our transformation efforts to ensure we maintain strategic focus in key areas and deliver operating results according to plan. Building upon the transformation work already in progress over the past 18 months, we have hired a transformation director to institutionalize and lead the Bank’s Transformation Management Office which coordinates, centralises and tracks transformation workgroups to ensure transformation achievements are embedded and delivered. The Bank continues to rebuild its retail business and we have hired senior product specialists to strengthen our retail offering to compete in today’s marketplace. The launch of our “Unionfacts” advertising campaign in September signals confidence in our enhanced retail offering, technology platforms and processes and our ability to deliver and meet customer needs. We will continue to invest in our people and platforms with a view to delivering innovation and superior service in the short to medium term.”