Our 5-year strategic plan is based on uab bank’s longer term vision as a socially responsible financial services provider.
No poverty, zero hunger, good health and well-being of all people are some of the aims of the United Nations Sustainable Development Goals (SDGs). The 17 SDGs are interrelated, and the Bank looks to contribute to the achievement of the goals.
At uab, we have identified 4 SDGs in which we can contribute meaningfully and have the most impact in supporting the goals. Accordingly, we have short term and mid-term targets for each SDG. We are committed to meet these goals and are devoting significant resources to this end.
Based on our materiality assessment and four (4) identified SDG goals, the following is the status of key targets and impact:
|Impact Areas||Our Approach||SDG Goals||UNGC Principles||SASB Content Index 2019||GRI Content Index 2019|
|Financial Inclusion (SDG 8)||
|Job Creation and Enterprise Development (SDG 9)||
|Employee Development and Training (SDG 4)||
|Customer Satisfaction (SDG 3)||
|Item||Target||Time Target||Achievement (Sept 2019)|
|Homeownership||10.5% of total loan portfolio||30 September 2024||1.3% of total loan portfolio|
|Digital Solutions||Enabling customers to open an account through handheld devices||30 September 2020||The bank successfully launched the facility to open online bank account in April 2020|
|Financial Literacy||Conduct at least 12 financial literacy sessions or projects per annum to unbanked, underbanked and underserved individuals||30 September 2021||In financial 2018-2019, 1366 individuals participated in financial inclusion initiatives for unbanked, underbanked, or underserved customers|
|SME Financing||26% of total loan portfolio||30 September 2024||10.1% of total loan portfolio|
|Training to employees||15,000 man-hours of training to be provided by the financial year ending on 30 September 2021||30 September 2021||9,106 man-hours of training was provided during the financial year ended on 30 September 2019|
|Formulation and Implementation of ESG Policy||To formulate and thereafter implement an ESG policy||Formulation by March 2021. Full implementation by March 2024||MOU with WWF was signed in February 2020 for technical support for the formulation and implementation of the Policy.|
|Conduct||To hold refresher trainings/briefings to staff and adopt zero tolerance to employee fraud and misconduct||September 2020|
All new employees are briefed on the Code of Ethics and other codes during their orientation. 234 existing employees were provided with training/briefing concerning Anti-money laundering, Anti-bribery & Corruption, Code of Ethics, and other codes over FY 2019.
Four (4) Risk Newsletters were published and distributed to all employees and members of the Board over FY 2019 emphasising the important of conduct to strengthen the Risk culture of the Bank.
The Disciplinary Committe handled 25 cases in FY 2019.
|Transparency||Issue GRI Index and SASB Index||May 2020||GRI & SASB Index|