| #11 | United Bank for Africa |
|---|---|
| BSM Index | 68.5 |
| YoY | – |
| CEO | Uzoechina Molokwu |
| Year Founded | 1895 |
| Website | www.ubagroup.com |
| Head Office | 57, marina road, Lagos Island, Lagos |
| Nationality | NG |
| Customer Base | 30 million |
| Number of Branches | 1,000 branches |
| Total Asset | N20.65 Trillion |
| Employees | Over 24,000 |
| Marketing Budget | – |
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United Bank for Africa Plc (UBA):
Leading Africa’s Financial Revolution
United Bank for Africa Plc (UBA) is a trailblazing Pan-African financial institution that stands as a beacon of stability and innovation across the continent. With a rich history dating back over seven decades, UBA has become synonymous with excellence in banking, connecting millions of customers and businesses across Africa and extending its influence globally.
UBA’s operations span across 20 African countries, reinforcing its role as a crucial player in the continent’s financial ecosystem. With a network of more than 1,000 business offices and customer touchpoints, UBA serves over 30 million customers, offering a wide array of banking services that cater to diverse needs, from small businesses and corporations to governments and individuals.
While UBA’s roots are firmly planted in Africa, its reach extends far beyond. The bank operates in key global financial centers, including the United States, the United Kingdom, and France. This global presence allows UBA to bridge the gap between Africa and the rest of the world, facilitating seamless cross-border transactions, remittances, and trade finance.
Strong Financial Performance
United Bank for Africa (UBA) reported total assets of N20.65 trillion at the end of the 2023 financial year, which is a 90.22% increase from 2022. This is a significant milestone for the bank, as it more than doubled its assets from N10.86 trillion in 2022.
UBA’s expertise spans key sectors critical to Africa’s development, including Oil and Gas, Infrastructure Finance, Agriculture, and Commodity/Export. The bank also provides pension custody and related services, showcasing its versatility in addressing the continent’s diverse financial needs.
Driven by a bold vision, UBA aims to channel 50% of its balance sheet contribution from its 20 African subsidiariesoutside of Nigeria. This ambitious target underscores UBA’s commitment to becoming the leading financial services institution across Africa, championing economic integration and fostering financial inclusion across the continent.
As UBA continues to connect Africa and drive economic growth, its legacy of resilience, innovation, and customer focus positions it as a leader in the African banking industry. UBA is not just a bank; it is a catalyst for financial transformation, shaping the future of banking across the African continent and beyond.
