UMB Empowers SME Customers on Managing Their Cash Cycle

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For the second consecutive year and in line with the Bank’s strategic goal of setting new standards in SME banking, Universal Merchant Bank (UMB), has successfully hosted an engaging SME Clinic for some of its SME customers in Accra. The seminar, delivered by UMB’s Consulting Director for Credit, Mr. Eyram Atsu was held in the Bank’s head office in Airport City on the topic “Managing Cash Cycle of SMEs”.

In his submission, Mr. Eyram Atsu provided relevant information on topics such as financing models, succession planning, recruiting, corporate governance among other significant topics to help the participants mitigate cash cycle challenges they face in their daily business operations.

The Acting CEO of UMB, Mr. Benjamin Amenumey in his welcome address assured the participants of the Bank’s continuous support of their businesses and of the SME sector in general. He highlighted some of the notable financial support UMB had extended to small and medium scale businesses and further pledged an even greater financial and non-financial support to SME business owners and customers of the Bank at large.

Mr. Amenumey encouraged participants to take advantage of the suite of resources and dedicated staff of the Bank stating that “given the enormous contribution and investments UMB has made in the SME sector especially with the setting up of the flagship UMB PPP Incubator Centre in Madina and the three dedicated Centres for Businesses located in Kumasi (Ashtown), Madina and Kasoa, respectively, UMB is positioned to be your unique partner for a steady yet significant growth in your various businesses and in the growth of our economy”.

At the end of the seminar, some participants did not only share useful feedback that will further enhance the business relationship with the Bank, they also used the opportunity to express their profound gratitude to UMB for the insightful and timely engagement.

UMB Wins 3 Awards at the 2019 Ghana Information Technology and Telecom Awards (GITTA)

Acting Head of I.T., Mr. Sylvester Apedoe receiving the award

Universal Merchant Bank (UMB) won three awards at the 9th Ghana Information Technology and Telecom Awards (GITTA) held in Accra, on Friday, June 28, 2019. The annual event, now in its ninth year, was on the theme “Celebrating Innovation and Excellence in the ICT Sector” with the Vice President of Ghana, Dr. Mahamudu Bawumia delivering the keynote address.

The Bank was adjudged the Best Bank Award for Cyber Security Risk Management at the event. This is the third consecutive year that UMB has received this coveted award and its indicative of the Bank’s significant investment in ICT in order to secure our cyber environment and our customers.

The other two awards went to our Acting CEO, Mr. Benjamin Amenumey and Acting Head, I.T., Mr. Sylvester Apedoe who received Emerging ICT-Driven CEO of the Year and CIO of the Year awards, respectively.

UMB and UMB Foundation Hosts Maiden “UMB Open Day” Tour

Mr. Benjamin Amenumey, Acting CEO of UMB (middle) and some Bank officials in a group photo with the students

As part of efforts to create a meaningful impact in the educational sector with its corporate social responsibility initiatives, Universal Merchant Bank (UMB) through the UMB Foundation, has hosted a section of students from the 5 Garrison Education Centre, Burma Camp at its Head Office for the maiden UMB Open Day Tour.

The two hour interactive UMB Open Day Tour was not only aimed at inspiring the students in their career decisions in the future but ultimately to offer them a first-hand experience of the day-to-day operations of the Bank and the functions of the various departments.

In his welcome address, the Acting Chief Executive of UMB, Mr. Benjamin Amenumey encouraged the students to study hard to become responsible citizens and to aspire to greater career goals. Mr. Amenumey further expressed his excitement with the exercise and reiterated UMB’s continuous commitment to support the educational sector with similar interactions.

On behalf of the students, the school officials who accompanied the students expressed their gratitude to the management of UMB for this opportunity and commended the Bank for the wonderful gesture.