Emuwa said the group would continue to demonstrate its ability to deliver strong results notwithstanding a competitive and challenging operating environment.
Emuwa added that the bank would take advantage of targeted opportunities across its business lines and geographies.
Group MD and CEO, Emeka Emuwa
, said, 'This is aligned with the new Union Bank brand identity that we launched six weeks ago.
Chief Executive Officer of Union Bank, Mr Emeka Emuwa, said the first quarter results reflected the bank's renewed focus on driving efficiency and productivity with a view to fully leveraging resources including human, technology and new capital to maximise the bottom line.
'While we are just in the early stages of this drive, we are already starting to see positive results,' Emuwa said.
The Chief Executive Officer (CEO) of the Bank, Emeka Emuwa
accompanied by the Executive Director, Commercial Banking, Adekunle Sonola led the team to African Church Grammar School, Abeokuta where they tutored the students on the basics of money, savings, gaining employment and becoming entrepreneurs.
said, "Under the universal banking model, banks diversified into other financial businesses through subsidiaries and interests in associate companies to capture additional revenue streams .
Earlier, Mr Emeka Emuwa
, the Chief Executive Officer and Group Managing Director of the bank, had expressed the readiness of the bank to partner with the state.
opined, a Our 2012 results have fully incorporated all costs relating to the recently concluded recapitalisation and cleanup of our loan portfolio.
The new Managing Director - Emeka Emuwa
, who was with the Citi Bank, is likely to join on Thursday.