UBA Aims For A 25% Consumer Lending Portfolio

The United Bank of Africa (UBA) has announced a goal to rapidly expand its consumer lending portfolio from 10% to over 25%. Increasing consumer loans, according to the bank, would be a critical accelerator for inclusive economic growth. Mr. Anant Rao, Group Head Consumer Lending, stated this yesterday during a virtual media briefing on the topic of “Stimulating Nigeria’s Economic Growth and Impacting People’s Lives.” He also announced the bank’s re-launch of its ‘Click Credit’ service, which now includes a new feature that allows users to get loans in three minutes. “Our guiding principle, which I just want to stress […]