Union Bank Biz Partner empowers SMEs with customised banking solutions

Union Bank introduced Union Bank Biz Partner recently, with the aim to empower small and medium entrepreneurs (SMEs) and proprietors with customised business banking solutions. 

Union Bank Biz Partner is a status banking proposition offered to the bank’s SME clients and is designed to deliver exclusive services along with a host of benefits. As a Union Bank Biz Partner, the bank’s clients will enjoy greater banking convenience, coupled with the customised heed of a dedicated relationship manager.

The proposition is linked to the business savings or current account relationship of a client and is offered in three distinctive tiers based on the balance maintained in the receptive savings or current account.  The three tiers namely, Gold, Platinum and Signature offer unique customised benefits that include preferential tariffs, special interest rates on fixed/savings deposits, tailor-made banking solutions to meet specific business requirements, and special fee waivers on business banking services such as telegraphic transfers, letters of credit, import collection bills and foreign exchange transactions.  

Further, Union Bank Biz Partner clients would enjoy added benefits of membership that include, dedicated Account Relationship Manager (ARM) services, access to Union Bank Biz Direct transaction banking technology, Post-dated cheque management, Receivable Financing, personal banking solutions, as well as tailor-made credit facilities. 

Commenting on Union Bank Biz Partner, Head of SME Banking, Naveen Anthonypillai stated, “Supporting SME growth has been an integral component of Union Bank’s agenda through the years.  Today, as a fully-fledged commercial bank, Union Bank continues to support the SME sector with attractive financial facilities, as well as specialised advisory services. Through its growing network of branches, the bank focuses on serving regional SMEs with customised services with a view to develop communities across Sri Lanka. Union Bank Biz Partner is the latest addition to the gamut of service propositions offered by the bank for this vital sector, which we believe will further enrich the banking experience of our SME clientele by delivering true value and relationship-based benefits.” 

More information on Union Bank Biz Partner could be obtained by dialling the bank’s 24-hour Contact Centre on 011 2 5800 800 or by visiting the bank’s corporate website via www.unionb.com.