United Bank for Africa (UBA) Liberia has commissioned an ultra-modern branch in the City of Paynesville.
This facility, which officially opened on Saturday, December 15, 2018, could be considered as one of UBA’s standout facilities in the country.
According to the management, this move is to position the bank as one of the trailblazers in the Liberia’s banking sector.
Located in the commercial hub at ELWA Junction (adjacent the Exclusive Supermarket), the new branch will be headed by one of UBA’s outstanding, emerging leaders, Ms. Gwendolyn Allen, as manager.
This newest addition to the UBA assets brings to six, the number of branches in the bank’s network, in addition to several cash offices and automated teller machines (ATM) around the country.
One of the bank’s board members, Dr. Wede Brownell, who performed the official ribbon cutting for the new branch, noted that the bank intends to deepen its operations in the country and attract a lot more of the unbanked population into its fold.
UBA Liberia’s managing director, Mr. Lekan Balogun, described the opening of the facility as the latest success of the bank and a landmark achievement.
He noted that the branch will serve the people in the area, including the ELWA, Rehab Communities, as well as people commuting from the Roberts International Airport (RIA).
“I remembered this journey started in 2016, whenever you come visiting customers, the first complaint you have is that ‘why can’t UBA expand its services to people living in areas such as Paynesville; how come you’re not active in this area?'” he recalled.
“So, we thought it fit since, whenever our customers speak, we listen. Because it is one of our guiding philosophies at UBA — customer first — so, whenever our customers ask for something, we try as much as possible to meet that need,” Balogun said.
He further explained that opening of the bank, is a testimony of their philosophy that whenever customers complain of not benefiting from some of their services, UBA listens and tries as much as possible to actualize it.
Mr. Balogun said: “This is a dream come true and this would not have happened without the support of our loyal customers, because they are the ones that makes UBA think as a bank and, without the customers, this building would not have been here,” he said, urging the mutual relationship between the bank and its customers, going forward.
UBA, according to him, “is here to stay”. He recalled that, earlier this year, a lot of people were shutting down their businesses in the country, “but this is a testimony that UBA still has serious confidence in the Liberian economy. I believe that the branch here is just a phase, because there will be many things to come,”
Balogun gave the assurance to customers that within the next one month, there will be another branch dedication in Sinkor. “We have a cash office at Royal Grand Hotel and we believe that the economy is expanding, the banking population is also expanding and we as a bank are supposed to make customers comfortable in the banking environment.”
He also said the Sinkor cash office will be converted to a full fledged bank and will become operational by January, 2019.
On his part, D. Bouleigh Cooper, Assistant Director for Supervision and Surveillance Regulation, Central Bank of Liberia (CBL), said the establishment of UBA sub-branch at ELWA junction is a welcome development.
He said this is one of greatest things that CBL holds value for, such as financial inclusion and branch expansion. “We respect that and give the UBA family our support. This, in my mind, will accelerate economic growth and development within Liberia’s financial system, thereby creating job opportunities for young people,” Mr. Cooper said.
Present at the grand opening were Paynesville City Mayor Pam Belcher Taylor and members of the Paynesville business community.