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UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Nkemakonam62: 3:15am On Dec 01, 2017
Pan-African financial institution, United Bank for Africa (UBA) Plc, has once again proven its leadership on the continent, as The Banker magazine has crowned the bank ‘African Bank of the Year 2017’.

The award was a first for Nigeria as it marked the first time a Nigerian-headquartered bank will beat other contenders to the prestigious and highly coveted regional award.


To further demonstrate the group’s strength and dominance in the financial sector on the continent, four of UBA group’s operations in Africa also led contenders in their respective countries to emerge the ‘Best Bank of the Year 2017’ in their respective markets.

A statement from the bank Thursday said UBA Congo, UBA Tchad, UBA Gabon and UBA Senegal emerged the Best Bank of the Year in Congo, Tchad, Gabon and Senegal, reinforcing the strong franchise of the group across its chosen markets in Africa.

UBA Gabon and UBA Senegal won the same awards in 2016, as both subsidiaries of the UBA Group remained the banks to beat in the respective countries, the statement added.

A publication of the London-based Financial Times newspaper, The Banker magazine, is a global financial intelligence magazine that provides global bank ratings/analysis and is the definitive reference in international banking for high level decision makers globally.

According to the magazine, the aim of the award “is to highlight industry-wide excellence within the global banking community. The winner is selected from participating banks in each of the 120 countries from which entries are received for the competition”.

Explaining the rationale behind UBA carting multiple categories in its December issue, The Banker magazine noted that Africa’s economic landscape has been unpredictable in recent times, resulting in recessions in some of Africa’s best performing economies while the region as a whole only expanded by about 1.3 per cent in 2016.

“In these conditions only the most diversified and innovative of regional banks can prosper. And this is precisely why the United Bank for Africa (UBA) has scooped the 2017 regional winner award.
“For one, the lender registered impressive top- and bottom-line growth over the review period,” it noted.

The magazine went further to enumerate the various achievements recorded by UBA Group during the period, noting that earnings for the year reached N384 billion ($1.07 billion), signalling a 22 per cent growth from its 2015 performance while profit before tax also grew by 32 per cent, to reach N91 billion.

According to the organisers, “Equally impressive was UBA’s capital adequacy ratio which at the end of 2016 stood at 20 per cent while its non-performing loan ratio was a healthy 3.9 per cent. Operating across 19 markets in Africa, the bank serves more than 14 million customers.”

It added that the pan-African bank’s foray into various ventures in Africa also helped to clinch its activities in the year under consideration, stating: “Beyond the numbers, the bank has won and acted on a number of headline deals. These include financing a new stadium in Douala, Cameroon for the 2019 Africa Cup of Nations for $285 million.
“In Senegal, more than $250 million of trade finance was provided to the state oil company while the lender acted as arranger and bank agent in the raising of $160 million to finance road infrastructure.

“The bank’s digital tax collection solutions are also helping regional governments in Senegal and Burkina Faso.”
The organisers observed that UBA also made impressive strides in the digital space, adding that in terms of internet banking, the organisation processed seven million transactions valued at more than N600 billion in 2016.

Mobile banking processed transactions valued at N70 billion over the same period. UBA also launched eMailMoni, a service that lets customers transfer funds via e-mail, while Chat Banking allows clients to perform basic transactions through social media platforms.
“For these reasons and others, UBA is the winner of our 2017 African Bank of the Year award,” the magazine stated.

According to the statement, the Group Managing Director/CEO of UBA Plc, Mr. Kennedy Uzoka, who was delighted by the recognition from The Banker, said: “These awards mark another milestone for the UBA Group and are a testament of the diligent execution of the bank’s strategic initiatives on customer service.

“Being recognised as Africa’s best bank complements positive feedback from customers and is a recognition of our improving efficiencies, service quality and innovation. I therefore dedicate it to our growing loyal corporate and retail customers, who are our essence.

“Given our heritage commitment to Africa’s development, we continue to impact lives through our service as well as funding to individuals, businesses and government.”
Uzoka added: “The bank remains focused on its goal of democratising banking in Africa, leveraging on new technologies and our rich pool of talent.

“It is satisfying that our efforts towards leadership are yielding great results. We continue to gain market share across our chosen markets, as we deepen financial inclusion, meeting basic and complex financial service needs of the growing African population.
“We are Africans and determined to change the narrative of financial services in Africa and this is just the beginning.”

On his part, Mr. Emeke Iweriebor, Regional CEO, UBA Francophone Africa, described the awards as exciting, stating that the bank’s great work in Africa was increasingly being recognised.
Iweriebor, who dedicated the awards to the bank’s esteemed customers, said: “Our pioneering innovations in the African banking sector are undoubtedly critical to the growth and development of the continent.
“Africa’s banking sector has come a long way but we still have a lot to do. We at UBA Group are dedicated to being a critical part of this transformation.”

He added that the bank will continue to leverage its local knowledge, global exposure as well as presence to drive positive change in Africa, working actively with the government, local businesses, regulators and other stakeholders in deepening financial services.
The Banker awards “Bank of the Year Awards” are widely regarded as the Oscars of the banking industry. For 90 years, The Banker has been the world’s leading monthly journal of record for the banking industry.

UBA was incorporated in Nigeria as a limited liability company after taking over the assets of the British and French Bank Limited, which had been operating in Nigeria since 1949.
UBA merged with Standard Trust Bank in 2005 and from a single country operation founded in 1949 in Nigeria – Africa’s largest economy – the bank has become one of the leading providers of banking and other financial services on the African continent.

The bank provides services to over 14 million customers globally, through one of the most diverse service channels in sub-Saharan Africa, with over 1,000 branches and customer touch points and robust online and mobile banking platforms.

UBA was the first Nigerian bank to make an initial public offering (IPO), following its listing on the NSE in1970. It was also the first Nigerian bank to issue global depository receipts (GDR).
The shares of UBA are publicly traded on the Nigerian Stock Exchange (NSE) and the bank has a well-diversified shareholder base, which includes foreign and local institutional investors, as well as individual shareholders.

http://www.akelicious.com/2017/12/uba-emerges-first-nigerian-bank-to-win.html

5 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by sirBLUNT(m): 3:18am On Dec 01, 2017
the most useless bank in africa each time i visit dat bank i feel like am in the 15th century...so outdated like union bank i wonder on wat bases did they win

5 Likes 1 Share

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Khd95(m): 3:57am On Dec 01, 2017
I don't have anything to say

If u have anything. To say make I sell this land for u
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by MANNABBQGRILLS: 7:23am On Dec 01, 2017
Thumbs up!

2 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by MANNABBQGRILLS: 7:24am On Dec 01, 2017
Khd95:
I don't have anything to say
If u have anything. To say make I sell this land for u
You've just said something!

2 Likes 1 Share

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by MissChievous199(f): 7:25am On Dec 01, 2017
Which UBA biko Bank that Esusu is better than

10 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Elnino4ladies: 7:26am On Dec 01, 2017
Best bank in Nigeria
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by wildcatter23(m): 7:26am On Dec 01, 2017
Most uba banks I have been to looks like a market with bazaar sales

1 Like

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Nonnyflex(m): 7:26am On Dec 01, 2017
Wait... UBA I reserve my comment as this is a new month before they start calling me bad Belle

2 Likes 1 Share

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by edoman2016: 7:29am On Dec 01, 2017
Nigerian banks are very ambitious. They really have ambition to conquer Africa's financial markets. Nigerian banks such as Zenith bank, UBA, First bank and Guaranty trust Bank are a force to reckon with in Africa.

6 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Edum13656: 7:29am On Dec 01, 2017
Bravo UBA!!! Firstbank is busy Yorubanizing.

8 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Chukazu: 7:29am On Dec 01, 2017
Why not if not?

They are busy" Uniting Banks for Africa" and messing up in Nigeria. undecided

So the award is for Africa...they can have it.
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by nawtyme: 7:30am On Dec 01, 2017
Story. Which UBA. With their useless customer service and fraudulent behavior. Please the only reason to believe this is that the award was given with regards to UBA branches outside Nigeria. Conduct a simple survey of Nigerians who have accounts with UBA and other banks and see the response.

Useless bank.

5 Likes 1 Share

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Pavore9: 7:32am On Dec 01, 2017
Visiting UBA Upper Hill, Nairobi makes me feel home. cheesy

8 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by gudnex22(m): 7:34am On Dec 01, 2017
May be not the UBA I Know

1 Like

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Clementh2o(m): 7:35am On Dec 01, 2017
First bank dey sitdon help g-boys

1 Like

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by etzskillz(m): 7:39am On Dec 01, 2017
With their poor customer service system
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by olagokeanike: 7:43am On Dec 01, 2017
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Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by LEXYCOM: 7:50am On Dec 01, 2017
That my bank. But I have only 1,100 Naira in my account. embarassed
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by SalamRushdie: 7:51am On Dec 01, 2017
UBA my bank , Tony my guy ..Uba has been a great bank to me for years , thry have done for me what no man has..Good bank

3 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by dreamworld: 7:55am On Dec 01, 2017
grin
Worst bank, slow in everything,
Always stealing my money by bit from my savings account,

2 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Offpoint: 7:56am On Dec 01, 2017
that's my bank I have 256.45 in my accountgrin
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Offpoint: 7:59am On Dec 01, 2017
LEXYCOM:
That my bank. But I have only 1,100 Naira in my account. embarassed
bros transfer the 100 naira wey dey on top to me... e b like Sey you no dey use amgrin

2 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Masterclass32: 8:00am On Dec 01, 2017
Great one.
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by silasweb(m): 8:02am On Dec 01, 2017
That is my bank
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by leonard002(m): 8:03am On Dec 01, 2017
Good for them. meanwhile.. .

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by mach98(m): 8:11am On Dec 01, 2017
UBA as in Upping Blood Pressure for Africans. That useless bank that can disappoint. Imagine someone transferring money to you and receiving it a week later. Shege! angry
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Augiiee(m): 8:18am On Dec 01, 2017
Khd95:
I don't have anything to say
If u have anything. To say make I sell this land for u
whatz your price?
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by Oteiakoms(f): 8:19am On Dec 01, 2017
Africa's global bank. Congratulations to great managers of the bank like Alhaji Yusuf Isiaka of uba ahmadu bello way, Ruth le'an of uba ahmadu bello way, Ngozi Craig and Judith Akinjobi of uba yakubu Gowon way. This are the greatest lions and lionesses. The sky is ur limit and miss u all

2 Likes

Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by 400billionman: 8:23am On Dec 01, 2017
UBA is doing well.

They are fast innovating.

Brand awareness is 90%.

Yet no Nigerian bank occupies biggest 10 in Africa ?
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by innobets(m): 8:23am On Dec 01, 2017
my bank
Re: UBA Emerges First Nigerian Bank To Win African Bank Of The Year Award by jaheymezz(m): 8:25am On Dec 01, 2017
uba for that you made me go through just because of ordinary ATM card this is for you and your award

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