UNICAL Microfinance Bank Unveils New Packages To Customers

In Breaking News, Business & Economy, Education, National News, Reports

By Ekemini Raymond

Manager, UNICAL Micro Finance Bank displaying first aid boxes to SUG officials at the event
Manager, UNICAL Micro Finance Bank displaying first aid boxes to SUG officials at the event

The management of the University of Calabar Micro Finance Bank (UMFB), one of the leading micro financial institutions in the state has revealed that they now have new and enticing packages for their customers.

This was revealed to the public by the Manager and CEO of the bank, at the head office, Mr. John Owan, while speaking in an event organised by the SUG and held at the international conference center of the institution.

Mr. Owan listed the new packages of the bank to include, E-banking, Free ATM cards to customers, UMFB students Rainbow savings account, specifically designed for students.

According to him, the initial amount that can be used to open the rainbow saving account is two thousand naira (N2,000), and it also features an increased interest rate, financial supports to students and lots more.

He also added that the bank also gives out loans to people to start businesses of their choice, provided they have a means of paying back. He concluded that with the micro finance ATM card, one can use it in any if the bank ATM nationwide.

Responding on behalf of the students, the SUG Director of Welfare, Comrade John Alawa commended the bank for having the students at heart, especially for installing the ATM around the hostels and at their head office.

He encouraged students to take advantage of the opportunity given to them by the management of the bank by opening the rainbow savings account with the bank, which according to him, will help the students during the rainy days.

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