Unity Bank introduces account to drive SME
Unity Bank Plc has introduced the UnityBiz Account as part of its bouquet of Small and Medium Enterprise offerings aimed at raising support for small business that are estimated at 50 per cent of the country’s Gross Domestic Product.
According to a bank, the SME space is a key market focus for the Bank as it provides the platform that will enable it tap into the business opportunities in the segment, which has been identified as being the fulcrum of economic growth in the country.
For the UnityBiz current account, structured SMEs are able to access both the asset and liability side of the product at concessionary rates, which benchmarks the best pricing offered in the industry.
The SME target market includes Retailers, Social Services, Schools, Contractors, Professional Service firms, Wholesalers, Manufacturers, Hospitality, NGOs, Clubs and Associations, Suppliers and the Agri-business value chain. The purpose is to offer the SME product that offers unbeatable value.
The UnityBIZ current account is also bundled with the Business Debit Card that allows a maximum of five cards per SME such that each card can be programmed with separate transaction dynamics.
Unity Bank also offers SMEs financial advisory services as well as a free quarterly counseling and networking sessions to guide businesses that subscribe to the Unity Biz scheme.