Finance

UBA emerges ‘African Bank of the Year’

UBA grows Q1 earnings by 48%, profit hits N61bn

The United Bank for Africa Plc has announced that it has been recognised as the ‘African Bank of the Year 2021’ by the Banker Magazine published by the Financial Times of London.

The company said in a statement on Wednesday that it was named the best bank in 12 of its African subsidiaries and in Nigeria by the publication.

The Middle East and Africa Editor for The Banker, John Everington, was quoted as explaining at the virtual award ceremony on Wednesday that the selection process was a rigoruous and highly analytical process made annually.

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Everington said, “While several African banks impressed the judges this year, there was no doubt as to the worthiest recipient of the Bank of the Year for Africa – UBA Group – a clear winner across a wide range of criteria.

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“UBA has performed impressively across its footprint with a strong financial performance across most of its markets.”

The Group Managing Director and Chief Executive Officer, UBA, Kennedy Uzoka, expressed delight over the recognition, saying, “Like I always say, at UBA, we must be doing something right. Winning 14 total awards in 13 subsidiaries and the Bank of the Year on the African continent is a big achievement.”

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Uzoka added that the recognition was a reassurance that the bank was on track in consolidating its leading position in Africa as it continued to create value for its stakeholders.

He appreciated the customers and staff of UBA both locally and internationally as the reason behind the bank’s success.

Sunnews

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