At Last, UBA Has Reviewed Its Pay Upwards

Are you sure that information is authentic?

You mean even First Bank pays more than UBA?

stop criricizing our bank!!! if they have reviewed the salary, give them kudos!!!
why are u so pissed they were rated no.1. ask yourself what criteria was used. Elumelu, well done!! but u can do better!!!!!

@DaKnight
a bank that claims to be No.1 paid it's entry level staff just 49K a month and you feel that's acceptable? i havbe friends thaty work in UBA, and these guys work monday to saturday, during weekdays they close as late as 7pm, at times 8pm! all that and the most miserly pay package in the banking industry?
Elumelu has only done what he should have done long ago. simple!

UBA has over 300 branches across Nigeria 7 in Ghana, 1 in New-york and Is Planning to open one in London

UBA has over 900 billion Naira  Asset base, I trillion in Balance sheet and Contingents I am not a

" FIANANCIAL ANALYST" but this is enough to proove beyond any reasonable doubt  that it is  the biggest in the

country and West Africa

Although lets be frank The Take home pay is not much when compared with the other banks
 
(That Discriminate with Age,  Type of degrees, and  class of degree ) 

UBA could adopt their strategy and pay so much to so few I think then you would be Happy

There are two terms we might need to look up here. Unfortunately,  I do not have the knowledge to define them. Maybe our financial analysts in the house can help us.

1. Ranked
2. Rated

I think most times when the general public sees ranked they think rated. I have the feeling UBA took advantage of that. Anyways a lot of people still see the advert as some form of marketing. The terms mean different things in the financial sector.

Aint we in luck! I got someone to help me with the terms.

Ranking or Rating?

A Credit Rating is an opinion expressed by a rating agency which provides an objective and independent evaluation of the creditworthiness of an issuer as well as its ability to meet its financial obligations in a timely manner. This is expressed through simple rating symbols such as Aaa, A etc.


A Ranking on the other hand, is simply a classification (using information available in the public domain such as audited financial statements) of each financial institution/company on various indices such as total assets, core capital, pre-tax return on equity (ROE), pre-tax return on assets (ROA) to mention a few.


UBA was Ranked no. 1 I presume, not Rated no. 1

all this grammar self. Good luck to the million naira peeps out there. And those of us waiting to get there, all the very best.

Please I am not the baddie here I already said I am not a "FINANCIAL ANALYST"

NO name calling plsssss

@ LanreDaMan,

Truly you did make mention that you're not a "FINANCIAL ANALYST", but the assertion u made was too AFFIRMITIVE.

Please read your quote below:

,  but this is enough to PROVE beyond ANY REASONABLE DOUBT THAT UBA IS THE BIGGEST BANK IN the COUNTRY AND WEST AFRICA

Guess u now understand the reaction of fellow nairalanders. Next time be careful with CHOICE OF WORDS, it's a very sensitive part of EFFECTIVE BUSINESS WRITING/COMMUNICATION.

Take care Lanre.

@ Obanikoro2,

Thanks for driving the point home. Investors need to know the KOKO! not just FIGURES!

hello there does anybody know when UBA will do there intake for those that 3 interviews were done for?please men because man is at home

REALLY,LOOKIMG @THE SITUATION IN UBA,THEY 'VE BEEN EXPLOITING THEIR STAFFS,BECOS THEY ARE INCREASING IN STRENGHT EVERYDAY WHILE THE STAFFS DOING THE WORK ARE RECEIVING PEANUTS .THOUGH ,I AM HAPPY 4 THE CHAPS WORKING WITH UBA ,BUT TONY ELUMELU &CO SHUD HAVE DONE THIS  FAR FAR B4 NOW.I KNOW SURELY THAT B4 ANOTHER INCREASE WILL COME,IT WILL B A LONG LONG TIME 2 COME,ONLY IF UBA MANAGEMENT COULD REPENT THAT SOME PEOPLE ARE DEDICATING THEIR LIFE 2 WORK 4 THEM.
   AND CALLING THEM THE BEST BANK IS FALLACY.LOTS OF BANKS ARE MORE PROFITABLE ,JUST THAT THEY HAVE MORE BRANCHES.