Union Bank’s Shareholders Demand Better Performance

[Shola Sholaz]

Shareholders of Union Bank Plc have demanded improved performance from d board and staff of d bank, even as d board promised to address all d problems confronting d bank.
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At d 44thAnnual General Meeting of d bank held in Calabar, Cross River State, d shareholders, though, commended d bank's return to profitability after loss posted in d previous year, advised dat management and staff should work harder to improve on their performance.
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D shareholders also commended d Central Bank of Nigeria appointed management for stabilizing d bank.
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They commended Union Global Partners Limited, d core investors for their timely recapitalisation of d bank, which salvaged their investment.
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In his response, Chairman of d bank, Senator Udoma Udo Udoma assured d shareholders that d board and management had evolved a transformation programme that will tackle all d issues militating against the bank.
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He also noted all the comments and observations of the shareholders and promised to address their concerns.