UBA Company Profile, Culture, and Overview

UBA (United Bank of Africa) is a Pan-African bank that has been committed to providing top-tier financial services to individuals and business owners since 1949. When the bank started business for the first time in Lagos, it was known as "British and French Bank" and fast forward to 1961, it was incorporated as a limited liability company. 

Humble Beginnings

UBA started fiercely! In 1970, UBA was recognized as the first bank to make an initial public offering, and in the same year, the bank's London business became a subsidiary. The UBA New York branch started off in 1984 and as of 1998, the bank became the first Nigerian bank to issue Global depository slips. 

The African bank continued to be a force, spreading its wings and creating more solutions. In 2007, UBA successfully raised fresh equity capital and it didn't stop at that, in the same year, UBA Capital (Europe) London opened. Over the years, the financial institution has consistently raised the bar and changed the narrative positively giving customers and clients the very best of financial services. 

Services

• Personal Banking

• Corporate Banking

• Digital Banking

• Energy Banking

• SME Banking 

• Loans

• Strategic Advisory and Research

• Trades and Investments

Leadership crew at UBA

• Tony O. Elumelu - Chairman

• Oliver Alawuba - Group Managing Director/CEO

• Erelu Angela Adebayo - Non-Executive Director

• Angela Aneke - Independent Non-Executive Director

• Caroline Anyanwu - Non-Executive Director

• Owanari Duke - Independent Non-Executive Director

• Alhaji Abdulquadri Bello - Non-Executive Director

• Aisha Hassan Baba - Independent Non-Executive Director

• Dr. Kayode Fashola - Non-Executive Director

• Muyiwa Akinyemi - Group Managing Director

• Abiola Bawuah - CEO, UBA Africa

• Alex Alozie - Executive Director/ Group Chief Operating Officer

• Sola Yomi-Ajayi - Executive Director, Treasury, and International Banking.

• Ugochukwu Nwaghodoh - Executive Director, Risk, and Finance

• Emem Usoro - Executive Director, North Bank

Company Culture 

UBA is a customer-centric bank, it says its vision is to be the "best bank for customers." Also, the company has created a company culture that aligns with strong organizational values and performance-driven operating standards. The presence and availability of its multicultural and multilingual staff have made it effortless for customers to interact with workers regardless of the language they choose to speak. 

Furthermore, the bank is committed to strong community renewal and sustenance which allows it to fulfill its mandate for social participation in the community and countries where it belongs. 

Strengths

• Large balance size sheet and strong liquidity

• Extensive spread across Africa

• Diverse customer base

• Strong public sector reputation

• Experienced management

• Strong IT platform

• Strong risk management

• Strong profitability

• Big corporate social responsibility

UBA around the world

UBA is a global bank and apart from Nigeria, it is located in the following countries: 

• Benin

• Burkina Faso

• Cameroon

• Chad

• Congo Brazzaville

• Congo DRC

• Cote d'Ivoire

• Gabon

• Ghana

• Guinea Conakry

• Kenya

• Liberia

• Mozambique

• Mali 

• Senegal

• Sierra Leone 

• Tanzania

• Uganda

• Zambia

• France

• USA

• UK

• UAE

Achievements

• First among the international banks to be registered under the Nigerian Law - 1961

• The only Sub-Saharan bank with an office in the US as at 1984

• First Nigerian bank to introduce a cheque guarantee scheme (UBA Card) - 1986

• 1st and only Nigerian bank to obtain a banking license in cayman islands - 1988

• Best domestic bank in Nigeria - 2000

• 1st Nigerian Bank to obtain a banking license in Ghana - 2004

• First-ever successful merger in Nigeria's Banking history - 2005

• Global Credit Rating (SA) AA+ and A+ - 2005

• First to introduce the Nigerian Government Bond Index - 2006

• First Nigerian Bank to surpass the N1 trillion naira balance sheet size. - 2006

• Ranked #1 bank in Nigeria - 2007

• UBA launched the First Visa Dual Currency Debit Card in Nigeria 

• First Pan-African Bank to launch an AI-led virtual banking robot

• UBA won the best bank in Africa, Nigeria, and 12 other subsidiaries - 2021

 Finances

As of April 4, 2023, UBA revealed impressive results for the 2022 full year. The gross earnings significantly increased from $1.6 billion to $1.9 billion translating to a strong 22.2 percent growth. Also, the total asset spiked by 21.6% bridging the $20billion mark, to close at $23.6billion in December 2022. 

Connect with UBA

Website: www.ubagroup.com

Facebook: UBA Group

Twitter: @Ubagroup

Instagram: @ubagroup

Linkedin: United Bank of Africa