PRESS RELEASE
New Chief Financial Officer Joins Ubank As Part of Future Growth Plans - 20 March 2013
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PRESS RELEASE
Ubank Invests in Burgersfort Education - 19 February 2013
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PRESS RELEASE
Ubank appoints a seasoned banker as Chief Executive Officer - 05 November 2012
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PRESS RELEASE
Ubank's 2012 Diyaboya Competition Winners Announced - 09 October 2012
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PRESS RELEASE
February 2012 Ubank Performance Overview – 31 July 2012
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Ubank has designed a financial educational programme that is aimed at assisting customers to make informed decisions about their money. Through the use of seminars and workshops that cover various financial aspects, invaluable insight is provided to customers.

Some of the topics discussed include: budgeting skills, the dangers of loaning money from loan sharks, how to read payslips, usage of ATM and debits cards, what interest means and how it is calculated.

In all of the aspects of learning we focus on the risk, rights and obligations of consumers relating to any decision in relation to money regardless of how big or small the amount is.

The participants receive a 105 page manual, which enables the participants to put many of the principles learned into practice immediately, creating the possibility for a level of behaviour change.

As Ubank, we believe that the post-training feedback not only shows the participants the value of the content of the training but also highlights the positive impact of their financial decision-making.

To our delight, this project has proved to not only benefit the mineworkers, but their families and communities at large. In so doing, the initiative has helped to protect them from being easy targets of informal lenders. Most of the participants are the bread winners of their families and found the training to be very relevant to their lives and the responsibilities they carry. As a result of our intervention, some of the mining houses are keen on incorporating the material into their New Employee Orientation Programme.

Through the funding of the Financial Education Fund (FEF), Ubank’s efforts have over the past two years successfully managed to reach out to an estimate 6000 mineworkers from three mining houses (Harmony, Anglogold and Goldfields). Ubank would like to encourage the FEF to continue funding and supporting similar financial initiatives to empower people who largely need the helping hand.

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