Current Accounts:

UBC Plc offers several types of Current Accounts.
Some of these include:

• Individual Current Accounts
• Corporate Current Accounts
• Joint Current Accounts
• Societies/Associations Current Accounts
• Sole Proprietorship Current Accounts

Loan and Advances:

This product is designed to enable customers to meet their working capital requirements, fund specific projects etc. Loans can be classified according to their maturity, collateral and other special features. They are however broadly classified into:

• Short-term loans (loans and advances with 1 – 12 months tenor)
• Term Loans (loans and advances with over 12 months tenor)

Features

• It is Tenor-based (that is, it is for a specified period of time)
• Purpose/Usage must be specified
• Appropriate collateral must be provided
• Repayment plan must be clearly stated

Benefits

• It supports working capital.
• It enhances Business growth
• It increases business turnover and profit

Target Market

• Manufacturers
• Distributors and Traders
• Retailers
• Companies in the Energy Sector
• Other financial institutions (Insurance, Funds Managers etc)
• Individuals etc...

Overdraft:

This facility is usually provided to help customers meet their working capital requirements. It is often collateralized by a floating charge over the borrower’s current assets.  
The advantages of this product to customers include:

• Increased ability to carry out business with enhanced financial assistance
• Improved working capital buoyancy
• Increased Liquidity

Savings Accounts:

UBC Plc offers several types of Savings Accounts.
These include:

• Individual Savings Accounts
• Groups/Associations Savings Accounts

Invoice discounting

Invoice discounting is a mean of factoring, where the bank undertakes to finance expected receivable from contract of supply or work done, with a 45-60days receivable day on hold. Invoice value is discounted and funds released to supplier.

Benefits

It helps to ease cash flow of the supplier/customer by availing it with required fund to continue with its operations against expected receipt of contract proceeds from the contractee. We target contractors of reputable organization. 

Loan syndication

This refers to a case where a financing need of a customer is too large for UBC Plc to accommodate singly, UBC Plc may jointly provide financing with other banks and UBC Plc will be the lead bark.