Global Banking and Finance Review has awarded Union Savings and Loans Limited in recognition for its continued commitment to deliver high quality made products and services to SME clients.
Registered in 1989 Union Savings & Loans is one the oldest savings and loans companies in Ghana.
The company’s paid capital has increased steadily above the regulatory requirement of GHS 7 million, making it one of the most solvent savings and loans companies in Ghana.
Operating as a “tier 2” bank they offer all banking services including deposits and account management, Transaction banking(including e-banking), lending, and advisory banking services.
“Union Savings and Loans is dedicated to the development of SME businesses and the community they serve. This commitment is demonstrated from the comprehensive financial services and resources they provide SME’s,” said Wanda Rich, Editor, Global Banking & Finance Review.
The awards honour companies that stand out in particular areas of expertise in the banking and finance industry.
Union Savings and Loans Limited was selected as theBest SME Finance Company Ghana 2014 because of the company’s outstanding achievements in many areas of SME finance and by performing well in the following categories according to our judging panel:
Dedication and commitment to SME development
Amount of growth in loan portfolio
Unique programs: Small and Medium Enterprise(SME) Clinics
Strong active risk management
Value driven business philosophy
Skilled and knowledgeable client relationship Managers
Percentage of loan portfolio dedicated to SME clients