Union Bank Wins ASBON SME Banking Award 2025
“In a major recognition of its growing impact on Nigeria’s business ecosystem, Union Bank of Nigeria has been honoured with the prestigious Best SME Growth Banking Initiatives Award 2025 by the Association of Small Business Owners of Nigeria (ASBON). The award highlights the Bank’s commitment to helping small and medium-sized enterprises thrive through innovative digital banking solutions, simplified onboarding processes, and customer-focused financial services designed to support long-term business growth.”
“Why did Union Bank receive the ASBON 2025 Award?
Union Bank of Nigeria received the Best SME Growth Banking Initiatives Award 2025 from ASBON for its innovative banking solutions, digital transformation efforts, and continued support for small and medium-sized enterprises across Nigeria.”
Lagos, Nigeria — Union Bank of Nigeria has reinforced its position as a leading supporter of Nigerian businesses after receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria at the Nigeria National SME Business Awards held in Lagos.
The award was presented in recognition of the Bank’s strategic role in advancing the growth, sustainability, and resilience of small and medium-sized enterprises (SMEs) across Nigeria through innovative banking solutions and customer-focused services.
Speaking while receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at Union Bank, described the recognition as a strong endorsement of the Bank’s dedication to empowering SMEs nationwide.
“We are honoured to receive this recognition, which reflects Union Bank’s continued commitment to helping SMEs grow by making banking simpler, faster, and more accessible.
“Through enhancements to our specialised platforms such as Union360, we have significantly reduced the time it takes for businesses to onboard and begin transactions.
These improvements have accelerated digital adoption among SME customers while supporting the acquisition of new business clients.
“Our focus remains on delivering practical solutions that help Nigerian businesses thrive,” he stated.
The event, organised by ASBON in partnership with the Lagos State Ministry of Commerce, Cooperatives, Trade and Investment, brought together stakeholders from both the public and private sectors to celebrate organisations and individuals contributing meaningfully to Nigeria’s SME ecosystem.
Furthermore, Union Bank reaffirmed its commitment to strengthening support for SMEs through customer-led innovation, digital transformation, and accessible financial solutions that promote sustainable business growth.
Established in 1917, Union Bank of Nigeria remains one of Nigeria’s leading financial institutions, widely recognised for its “Simpler, Smarter Banking” philosophy. The Bank operates more than 300 branches nationwide and continues to provide innovative banking services to individuals, businesses, and public sector clients.
For more information, visit Union Bank of Nigeria at: www.unionbankng.com
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