UBA bags Bank of the Year award

UBA bags Bank of the Year award

UBA bags Bank of the Year  award     Pan-African financial institution, United Bank for Africa (UBA) Plc added to its growing list of laurels at the Independent Newspaper Awards, winning the Bank of the Year. The bank was announced winner of the coveted awards at a glamorous event which was well-attended by the top echelon of the financial sector including Bank CEOs, Captains of Industries and Senior financial executives. The Editor, Independent Newspapers, Don Okere Presenting the Bank of the Year Award to Directorate Head, Lagos Island, United Bank…

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UBA grows Q1 2021 profit by 27%

UBA grows Q1 2021 profit by 27%

UBA grows Q1 2021 profit by 27%     The United Bank for Africa (UBA) Plc has reported double-digit growth across most of its major income lines in the first quarter of 2021. The unaudited results showed a growth of 5.5 per cent in gross earnings to close at N155.4 billion as at the end of March, 2021, up from N147.2 billion recorded in the corresponding period of 2020. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver a 24…

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UBA assures shareholders better times, assets hit N7.7trn

UBA grows Q1 2021 profit by 27%

UBA assures shareholders better times, assets hit N7.7trn     United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performance. The Chairman, UBA Group, Mr Tony Elumelu, gave the assurance at the bank’s 59th Annual General Meeting for the 2020 financial year, in Lagos. Elumelu said the bank had made strategic decisions that would strengthen its resolve to earn the industry…

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UBA nets N132bn profit in 2020

UBA grows Q1 2021 profit by 27%

UBA nets N132bn profit in 2020   The board of the United Bank for Africa Plc, on Monday presented its audited financials for the full-year ended December 31, 2020, showing that gross earnings grew by 10.8% to N620.4bn, compared to N559.8bn in the corresponding period of 2019. Profit growth was way better, with profit before tax was of N131.9bn, compared to N111.3bn at the end of 2019, while Profit After Tax improved by 27.7% to N113.8bn, compared to N89.1bn recorded at the end of the preceding year. Despite the challenges…

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UBA unveils new mobile banking app

UBA Savings Promo

UBA unveils new mobile banking app     Pan African financial institution, United Bank for Africa (UBA) Plc is set to change the face of digital banking services with its new mobile banking app aimed at delivering first-rate services to customers. The new UBA mobile banking app, has been armed with benefits and features designed to give its customers increased control and accessibility to carry out transactions with ease. Kayode Ishola, UBA’s Group Head, Digital Banking, who spoke about the new banking app during virtual press during on Monday, explained that apart from being able to decide where…

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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 Savings Promo

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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