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UBA Unveils Ruby Premium Account For Women

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LAGOS, November 02, (THEWILL) - To cater for the special needs of women folk, the pan-African banking and financial services Group, United Bank for Africa (UBA), has unveiled a gender specific personal current account product, specially designed and targeted at discerning women. The new premium product known as Ruby Account was launched on Tuesday, November 1, 2011 at the UBA Corporate Head Office in Marina, Lagos.

The Ruby Account has unique features that set it apart from other banking products in the industry. Such features include; Zero COT and highly attractive interest rates, Customised debit cards and cheque book, no limit on number of withdrawals or deposits; up to 50% discounts on services from RUBY partners such as AVIS, AA Rescue, BUPA, ACG World Concierge Services, Qatar Airways, Clear Essence California Spa and Wellness Resort, MegaCare Pharmacy, and UBA Metropolitan Insurance. For women in business, a website will be fully built for them for free, courtesy of Google. Customers will also enjoy preferential pricing on the consumer loans of the bank.

Speaking while unveiling the ceremony, Head Group Retail Banking Division, UBA Mr. Chidi Okpala said the introduction was informed by the need to provide convenient banking for women, especially professional and businesswomen, who place a premium on convenience banking.

“Women control over 60% of household expenditures. Apart from that, there has been an increase in the number of women in top flight executive positions and more successful self-employed professionals. These new breed of women are financially independent and are contributing significantly to economic growth and development. They are the target market for Ruby,” he explained.

Whilst calling on the women folk to leverage the opportunity offered by the Ruby Account, Mr. Okpala revealed that there are on-going discussions with exciting new partners in sectors that are relevant to women and those partnerships with their benefits will be unfolded as discussions are finalized.

United Bank for Africa Plc is one of Africa’s leading financial institutions offering universal banking to more than 7.5 million customer accounts. UBA currently operates in 19 African countries besides presence in leading world economies such; New York, London and Paris.