UMB empowers SME customers on 'Managing Cash Cycle of SMEs'

For the second consecutive year and in line with the Bank’s strategic goal of setting new standards in SME banking, Universal Merchant Bank (UMB), has successfully hosted an engaging SME Clinic for some of its SME customers in Accra.

The seminar, delivered by UMB’s Consulting Director for Credit, Mr. Eyram Atsu was held in the Bank’s head office in Airport City on the topic “Managing Cash Cycle of SMEs”.

In his submission, Mr. Eyram Atsu provided relevant information on topics such as financing models, succession planning, recruiting, corporate governance among other significant topics to help the participants mitigate cash cycle challenges they face in their daily business operations.

The Acting CEO of UMB, Mr. Benjamin Amenumey in his welcome address assured the participants of the Bank’s continuous support of their businesses and of the SME sector in general.

He highlighted some of the notable financial support UMB had extended to small and medium scale businesses and further pledged an even greater financial and non-financial support to SME business owners and customers of the Bank at large.

Mr. Amenumey encouraged participants to take advantage of the suite of resources and dedicated staff of the Bank stating that “given the enormous contribution and investments UMB has made in the SME sector especially with the setting up of the flagship UMB PPP Incubator Centre in Madina and the three dedicated Centres for Businesses located in Kumasi (Ashtown), Madina and Kasoa, respectively, UMB is positioned to be your unique partner for a steady yet significant growth in your various businesses and in the growth of our economy”.

At the end of the seminar, some participants did not only share useful feedback that will further enhance the business relationship with the Bank, they also used the opportunity to express their profound gratitude to UMB for the insightful and timely engagement.