UBA 2022

United Bank for Africa Plc (UBA) is a leading Pan-African financial institution, offering banking services to more than eighteen million customers, across over 1,000 business offices and customer touch points, in 20 African countries. In its over seven decades of business, UBA has been providing uninterrupted financial services to small businesses, corporations, governments, institutions and individuals globally.

As of December 2020, the group’s financial assets were valued at NGN:7.7 trillion (US$19.2 billion), with shareholders’ equity of NGN:724.1 billion (US$1.8 billion). At that time it employed over 20,000 people across the group’s operations. 

With banking operations in the USA, UK and presence in France, UBA is connecting people and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services.

Additionally, UBA offers pension custody and related services with proven expertise and capacity in key sectors of economies across Africa especially in Oil and Gas, Infrastructure Finance, Agriculture and Commodity/Export.

UBA’s story dates back to 1949 when the British and French Bank Limited (BFB) commenced business in Nigeria. BFB was a subsidiary of Banque Nationale de Crédit (BNCI), Paris, which transformed its London branch into a separate subsidiary called the British and French Bank, with shares held by Banque Nationale de Crédit and two British investment firms, S.G. Warburg and Company and Robert Benson and Company.

In a quest to build the strongest domestic and pan- African brand, UBA group currently has about 20% of its balance sheet from its 20 African subsidiaries, outside of Nigeria. The target is to achieve 50% contribution from them.

 According to the Group MD/CEO, the financial service group’s “strategic intent is to be the leading financial services institution in Africa” and “ our corporate statement focuses on how we intend to drive this; the statement ‘Excellent Services… Delivered’ demonstrates the required focus on our customer regardless of sector or segment.