The measures taken quite a number countrywide governments to contain the coronavirus (COVID-19) pandemic throughout the world have closely impacted lots of businesses, particularly in Ghana the place small corporations make up the majority. Despite the devastating influence of the modern-day pandemic, the Bank’s income after tax increased from GHS 5.5million in June 2019 to GHS 16million in 2020, representing a 194 percentage enlarge year-on-year.UMB additionally grew its asset base from GHS 2.6billion to GHS3.3billion between June 2019 and June 2020 representing a boom of 25 percent.
UMB, as one of the oldest conventional banks in the u . s . a . that has developed and deployed a number banking options that meet the wishes of today’s large- and small-scale businesses, has dedicated to helping companies thru this tough socio-economic situation.According to the Bank’s management, the modern-day disaster offers an probability to similarly engage, co-create, and guide their customers to recalibrate their operations.Mr. Benjamin Amenumey, Chief Executive Officer of UMB, commenting on the Bank’s half 12 months performance cited that UMB, as a business, put in vicinity interventions to manage charges and these measures culminated in a 10.4% discount in fees (year-on-year). Furthermore, the Bank is intently watching local and worldwide traits involving the coronavirus (COVID-19) pandemic and all the essential protocols are in area to ensure the protection of their clients and employees.“Rest assured, that UMB is on hand to provide you with extraordinary service even in these unsure times. As part of our measures, we had brought about elements of our business continuity graph in response and anticipation of the have an effect on of the coronavirus (COVID-19) in the environment.”
As a testament to the Bank’s dedication of deploying science as a banking solution for their customers, UMB has additionally brought the ‘tap to pay’ function for its UMB Visa contactless cards. With the UMB Visa contactless cards, customers can make faster and invulnerable payments on any contactless-enabled POS gadget or terminal worldwide. Furthermore, UMB customers can simply and seamlessly financial institution in the remedy of their houses the use of the modern cellular banking application, the UMB SpeedApp. Similarly, customers can choose from a suite of digital channels consisting of 24-hour ATMs as well as the UMB Internet Banking portal.
Not only is the Bank at the forefront of deploying science to higher serve its clients, it is positioning the client at the heart of all it does in this critical period with many interventions such as financial relief applications to cushion the blow that COVID-19 has dealt many commercial enterprise proprietors specially these in the SME sector.Additionally, UMB has rolled out for authorities workers and public servants, an interesting mortgage package deal – the UMB Controller Loan, to help them impenetrable up to GHS150,000 at a aggressive activity price and then pay again inside a 48-month length so that they can finance their day-to-day non-public needs.