Union Bank, one of Nigeria’s foremost financial institutions, has once again delivered on its promise to support charitable organisations with a portion of proceeds from the UnionBetta savings product.

Launched in 2016, Unionbetta is a sub-account that allows Union Bank customers earn attractive interest rates for saving as little as N5,000 monthly. In return, the bank donates a percentage of the interest earned to select non-governmental organisations (NGOS) on behalf of its customers.

Read also: CBN says accounts of applicants for N50bn Covid-19 fund to be credited in 48hrs

Related News

In selecting the recipients, priority is given to NGOS making impact in areas such as gender equality, education, talent development, and agriculture which are key pillars of Union Bank’s citizenship efforts that align with Sustainable Development Goals (SDGS) 1,2,4, 5 and 11.

This year, a total of N1.7 million was donated to 10 different charitable organisations to help support their activities. Some of the recipients include United Methodist Church of Nigeria Orphanage, Jalingo; Zinnok Initiative for Women & Children, Abia; Teens Dream Initiative, Kwara and Lagos Food Bank Initiative. Others include Uduak Charles Diaries, Akwa-ibom; Flexisaf Foundation, Abuja and Adolescent Friendly Research Initiative & Care, Ekiti.

Speaking on this initiative, Union Bank’s head of retail deposits, John Obichie, reiterated the bank’s focus on creating value for its customers and giving back to the underprivileged in the society.

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp