UBA’s LEO: Celebrating 3 years of revolutionised banking services

Celebrating 3 years of revolutionised banking services

UBA’s LEO: Celebrating 3 years of revolutionised banking services   Technology has been a veritable gift to mankind, and over the years, it has been responsible for creating amazingly useful resources which put all the information individuals need at their fingertips. The development of technology has also led to so many mind-blowing discoveries, better facilities, and better luxuries, which has in-turn helped to improve lifestyle and standard of living. For instance, through relevant technological development, the average individual has been empowered to shop online and carry out seamless transaction any…

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UBA’s half-year profit drops 5.51%

UBA Kennedy Uzoka

United Bank for Africa (UBA) Plc has had its profit for first half of 2020 pared, reflective of the challenged operating environment triggered by coronavirus pandemic and other economic headwinds during the period. The group reported a profit after tax (PAT) of N77.132 billion in 2020 from N81.628 billion recorded in 2019, representing a drop of 5.51 per cent while profit before tax stood at N90.372 billion from N98.233 billion, amounting to a decline of 8 per cent. According to its results filed with the Nigerian Stock Exchange (NSE), the…

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CSW: UBA says innovation, optimisation of banking platforms key to customer satisfaction

United Bank for Africa (UBA) has emphasised that t satisfy customers, innovation, optimisation and upgrading of banking platforms must come to play. The Pan-African financial institution explained this in the spirit of ongoing Customer Service Week (CSW) at a virtual media parley on Wednesday. Speaking at the online forum, Alex Alozie, UBA’s Head of Operations, explained that the bank has intensified its focus on putting the customer first whilst still reaffirming its leadership position. Alozie said that in line with this year’s theme, the ‘Dream Team’, which embodies UBA’s core…

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UBA’s financial outlook is stable, says Fitch Ratings

UBA leads consortium to stake $1.5bn on NNPC, NPDC’s project

Fitch Ratings has affirmed United Bank for Africa (UBA) Plc’s ratings, including the Long-Term Issuer Default Rating (IDR) at ‘B’, and removed them from Rating Watch Negative (RWN). According to the London-based agency in a report released on Monday, the outlook is stable for the pan-African financial institution. The removal of the RWN on UBA’s Long-Term IDRs, Viability Rating (VR) and National Ratings reflects Fitch’s view of receding near-term risks to the bank’s credit fundamentals from the economic fallout arising from the oil price crash and coronavirus pandemic. “In our…

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UBA Business Series targets more SMEs, business owners with empowerment

Pan African financial institution, United Bank for Africa (UBA) Plc has reiterated support for small and medium enterprises (SMEs) and business owners via another edition of its quarterly UBA Business Series. The lender said this is in its continuous bid to support the growth of Micro Small and Medium Enterprises(MSME) and equip them with the necessary tools to strengthen and sustain their businesses. The UBA Business Series is an MSME workshop and a capacity building initiative where business leaders share insights on best practices for running successful businesses in the…

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UBA, Stanbic explain selves to NSE on delayed H1 financial reports

Delayed H1 financial reports

Two listed banks at the Nigerian Stock Exchange (NSE) have stepped forward to explain why they have not filed their respective financial results for the half year period ended June 30, 2020. The lenders are the United Bank for Africa (UBA) and Stanbic IBTC Bank. In different corporate fillings at the bourse in the early hours of Monday, the lenders both gave delays in regulatory approval of the reports by the Central Bank of Nigeria (CBN), their primary regulator, as the reason for the development. According to the UBA in…

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UBA to train small buisnesses on financial record keeping

UBA leads consortium to stake $1.5bn on NNPC, NPDC’s project

United Bank for Africa (UBA) Plc is set to organise another MSME Workshop for entrepreneurs in a bid to support the growths of Micro Small and Medium Enterprises (MSMEs) in the country. With the programme, the lender also intends to equip them equip them with the necessary tools aimed at strengthening and sustaining their businesses. The workshop which slated for Wednesday via Microsoft Teams, will host professionals who will share their experiences and give essential tips to MSME and business owners on how to their businesses to the next level,…

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UBA rewards 100 more customers with N100,000 each in fresh Bumper Draw

UBA leads consortium to stake $1.5bn on NNPC, NPDC’s project

Pan African Financial institution, United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. The 100 customers won N100,000 each in this month’s edition of the draw which began in January 2020. The virtual and transparent draw which was held at the UBA Head Office in Lagos on Wednesday, was transmitted live via the Facebook platform in strict compliance with social distancing rules as directed by the Federal and Lagos State Government. Just like the previous draw held…

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