Lagos, Nigeria – Union Bank, one of Nigeria’s long standing and most trusted financial institutions has recently been certified for its compliance with the International Business Continuity Management Systems (BCMS) Standard, ISO 22301:2012.
The Bank was certified by the British Standards Institution (BSI) in partnership with local capacity building firm, Digital Jewels following its successful fulfilment of the rigorous requirements for this internationally recognised standard on Business Continuity Management Systems.
According to a statement by the International Organization for Standardization (ISO), the ISO 22301:2012 certification specifies requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to prepare for, respond to and recover from disruptive events when they arise.
Compliance with the BCMS standard ensures efficient response when the organisation encounters threats. In order to achieve certification to the standard, an organisation must demonstrate clear commitment towards assessing both internal and external threats and vulnerabilities and prioritizing relevant risks while implementing preventive measures.
Commenting on the Bank’s recent certification, Kandolo Kasongo, Chief Risk Officer emphasized Union Bank’s commitment to benchmarking its processes and operations against international best practices. According to him:
“Our attainment of the new Business Continuity Management certification follows rigorous auditing of our internal processes. Therefore having successfully satisfied all the requirements for this international standard, we assure our valued customers of our readiness to continue delivering quality banking services even in the face of significant disruptions.”
Over the years, Union Bank has focused on benchmarking its processes against global standards. In 2014, the Bank became the first Nigerian financial institution to be awarded the
Payment Card Industry Data Security Standard, PCI DSS – Version 3.0 which it recently upgraded to PCI DSS Version 3.2. It has also recently attained the ISO 9001:2015 Quality Management Standard (QMS) and Information Security Management Standard ISO/IEC 27001:2013.
Attaining the BCMS standard highlights Union Bank’s commitment to its customers; to maintain effective measures for business continuity, risk management and resilience as it continues to deliver on its promise of being Nigeria’s most reliable and trusted banking partner.
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About Union Bank Plc.
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria.
In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2014 the Bank began executing a transformation programme to re-establish it as a highly respected provider of quality financial services.
The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its customers convenient electronic banking channels and products including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems.
More information can be found at: www.unionbankng.com
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