News & Events

UMB signs new Controller Loan Products with National Association of Registered Midwives

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Universal Merchant Bank (UMB) has signed an agreement with the National Association of Registered Midwives, Ghana (NARMG) to offer its members on the controller payroll, a special UMB Controller Loan product of up to GHS150, 000, which will be spread over 48 months at a competitively low interest rate, with a turnaround time of 48 …

UMB Appoints Nana Kwadwo Dwemoh Benneh as Chief Executive Officer

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Accra, February 1, 2021: After five years of dedicated and growth-oriented service to Universal Merchant Bank (UMB), Mr. Benjamin Amenumey has completed his tenure as UMB’s CEO making way for the appointment of Nana Dwemoh Benneh as the bank’s new Chief Executive Officer, following the approval of the Central Bank. In a statement issued by …

UMB bags multiple awards at the 10th GITTA Awards 2020

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Universal Merchant Bank (UMB) has won a total of three coveted awards at the 10th edition of the Ghana Information Technology and Telecom Awards (GITTA) held at the Mövenpick Ambassador Hotel in Accra on Friday, November 13, 2020. The Bank was adjudged the Most Improved Bank in Best Use of Technology at the awards ceremony. …

UMB Hosts Webinar to Help Sustain SMEs amid COVID-19

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Universal Merchant Bank (UMB) organized its maiden virtual edition of the annual SME Clinic for over two hundred of its SME customers across different business sectors on the theme, “Running a Successful SME Business in a Disruptive Environment”. In his welcome address, the Chief Executive of UMB, Mr. Benjamin Amenumey stressed on the Bank’s commitment …

UMB Obtains PCI DSS Certification

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UMB has obtained the Payment Card Industry Data Security Standards (PCI-DSS) certification from PCI.  PCI-DSS is the global industry compliance and security standard that is dedicated to secure cardholders’ confidential data. It is also one of the most rigorous security standards in the industry. This accomplishment reinforces our Bank’s commitment to comply with internationally-accepted security …

UMB rides COVID-19 storm, records 194% increase in profit

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UMB, has recorded an impressive 194 percent increase in profit for the half year ended June 2020, despite the impact of the COVID-19 pandemic on the operations of businesses. The measures taken by various national governments to contain the coronavirus (COVID-19) pandemic across the world have heavily impacted thousands of businesses, especially in Ghana where …

UMB awards full scholarship to 2019 overall best WASSCE student

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Universal Merchant Bank (UMB) has presented a full scholarship to the 2019 overall best WASSCE candidate, Melisa Abena Okyerewaa Amoah at a WAEC Distinction Awards ceremony. This puts to six, the number of times the bank has presented full scholarships to deserving students. The awards ceremony was held at the Sakyi Asare-Menako Hall on Wednesday, …

UMB: Providing Leadership as an SME-Focused Banking Institution

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For four decades, Universal Merchant Bank’s (UMB) main focus of business was trade finance and nurturing fledgling indigenous businesses. Businesses that dealt in commerce found a safe home at the then Merchant Bank. Then a shift occurred in 2005; this shift, which saw the acquisition of a universal banking licence, allowed the Bank to introduce …

UMB Awarded at the 2nd Ghana Procurement & Supply Chain Awards

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  UMB scooped three awards at the 2nd Ghana Procurement & Supply Chain Awards 2019 held at the Movenpick Ambassador Hotel in Accra on 20th September, 2019. UMB was awarded with Excellence in Procurement & Supply Chain of the Year: Banking (Silver), and our Head of Procurement, Mr. Enoch Dugbartey was adjudged the Procurement & …

UMB and Zoomlion Embarks On a Clean-up Exercise in Accra

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Universal Merchant Bank (UMB) through its UMB Foundation with support from waste management company, Zoomlion Ghana has organised the maiden edition of the “UMB Cleans Ghana” campaign.  The UMB Cleans Ghana campaign was held over the weekend to give a much-needed face-lift to the Accra “Borla” Beach, behind the Independence Square. The corporate clean-up exercise, …