By Taofik Salako, Deputy Bus. Editor
Shareholders on Tuesday commended the board and management of Union Bank of Nigeria (UBN) Plc for continuing profitability of the first generation bank despite the disruptions caused by COVID-19 pandemic.
At the 52nd Annual General Meeting (AGM) yesterday in Lagos, shareholders approved the audited report and accounts of the bank for the year ended December 31, 2020 amid commendations for the directors and staff of the bank.
Shareholders also approved the recommended dividend of 25 Kobo per share while applauding the bank’s resilience and its focus on sustaining shareholder value.
Chairman, Union Bank of Nigeria (UBN), Mrs. Beatrice Hamza-Bassey highlighted the key achievements of the bank last year to include the continued focus on digital innovation for high-quality service delivery across touch points as well as its multipronged approach to supporting the fight against COVID-19.
She noted that in the face…