| #11 | United Bank for Africa |
|---|---|
| BSM Index | 70.7 |
| YoY | -1 |
| CEO | Oliver Alawuba |
| Year Founded (in Nigeria) | 1895 |
| Website | www.ubagroup.com |
| Head Office | 57, marina road, Lagos Island, Lagos |
| Nationality | NG |
| Customer Base | 21 million |
| Number of Branches | 1,000 branches |
| Annual Turnover | US$22.6M |
| Employees | Over 20,000 |
| Marketing Budget | – |
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United Bank for Africa Plc (UBA): Connecting Africa’s Financial Landscape
United Bank for Africa Plc (UBA), a foremost Pan-African financial institution, stands as a pillar of the continent’s banking landscape, uniting millions of customers and businesses across Africa and beyond. With a rich history spanning over seven decades, UBA has remained steadfast in its commitment to delivering seamless financial services to a diverse clientele, including small businesses, corporations, governments, institutions, and individuals.
As of December 2022, UBA’s impressive financial assets were valued at NGN 10.9 trillion (USD 23.6bn), accompanied by a robust shareholders’ equity of NGN 922.1 billion (US$2 billion). With a workforce of over 20,000 professionals, UBA’s operations span across 20 African countries, boasting a network of more than 1,000 business offices and customer touchpoints, where it manages its over 30million customers.
UBA’s influence extends beyond its African footprint, as it maintains a global presence with banking operations in the USA and the UK, along with a notable presence in France. This widespread connectivity serves as a conduit for bridging people and businesses throughout the continent. The bank offers a comprehensive suite of banking services, encompassing retail, commercial, and corporate banking, as well as innovative cross-border payments, remittances, trade finance, and ancillary banking services.
Furthermore, UBA distinguishes itself through its expertise in key sectors of economies across Africa, particularly in Oil and Gas, Infrastructure Finance, Agriculture, and Commodity/Export. The bank’s prowess extends to pension custody and related services, reflecting its comprehensive approach to meeting diverse financial needs.
Driven by a vision to forge a formidable Pan-African brand, UBA aspires to channel 50% of its balance sheet contribution from its 20 African subsidiaries outside Nigeria, a testament to its aspiration to be a leading financial services institution in Africa. UBA’s corporate ethos is encapsulated in the statement “Excellent Services… Delivered,” underscoring its unwavering dedication to providing exceptional customer experiences across diverse sectors and segments.
In an ever-evolving financial landscape, UBA remains resolute in its mission to connect Africa, drive economic growth, and deliver excellence in financial services. With a legacy of resilience, innovation, and a steadfast focus on customers, UBA continues to shape the future of banking across the African continent.
