Global Banking and Finance Review has awarded Union Savings and Loans Limited for delivering quality products and services to Small and Medium-scale Enterprises (SMEs).
Registered in 1989, Union Savings & Loans is one of the oldest savings and loans companies in Ghana.
The company’s paid capital has increased steadily above the requirement of GH¢7 million, making it one of the most solvent savings and loans companies in Ghana.
Operating as a ‘Tier 2’ bank, the financial institution offers banking services including deposits and account management, e-banking, lending and advisory services.
‘Union Savings and Loans is dedicated to the development of SME businesses and the community they serve. This commitment is demonstrated by the comprehensive financial services and resources they provide SMEs,’ said Wanda Rich, Editor, Global Banking & Finance Review.
Global Banking & Finance Review honours companies that have excelled in particular areas of the banking and finance industry.
Union Savings and Loans Limited was adjudged the Best SME Finance Company Ghana 2014 because of the company’s outstanding achievements in the sector.
The panel considered the following: dedication and commitment to SME development, growth in loan portfolio, unique programmes, Small and Medium Enterprise (SME) clinics, strong active risk management, value-driven business philosophy, percentage of loan portfolio dedicated to SME clients.
They recognize achievement, progress and inspirational change in finance globally.
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