Business Journal

Banking

UBA Celebrates Resilience, Innovation, Customer Service at 75

The United Bank for Africa (UBA) Plc has attributed its strength in the banking sector across the globe to resilience, innovation and customer service, described customers as the core strength of the financial institution which now operates in 20 African countries, United States of America, United Kingdom, France and United Arab Emirates (UAE).

Speaking at the 75th anniversary world press conference in Lagos, Mr. Oliver Alawuba, the Group Managing Director/CEO of UBA Plc, said: “UBA is an attractive investment and customers remain our core strength in all the markets where we operate in. Innovation and digital transformation are the key to our success and future. We look forward to another 75 years of adding value to our partners and customers.”

Alawuba added that the bank has remarkable financial strength and excellence in the market with a firm commitment to create value for various stakeholders in the course of doing business.

“Our goal is to be the role model for African businesses and the payment bank for trade between Africa and the world. UBA is at the forefront of delivering digital inclusivity in Africa and we shall continue to invest in Africa. We remain the bank uniting Africa in terms of capital flows and trade. We are committed to developing Africa.”

On the future, the UBA GMD said the bank has signed various agreements with fintechs and telcons in terms of collaboration and partnership to achieve collective result as the bank cannot do it alone. In the same vein, UBA has equally set aside the sum $6 billion through Development Finance Institutions (DFIs) to fund Small and Medium Scale Enterprises (SMEs) across the continent in sectors such as pharmaceuticals, logistics and transport etc.

“We also support the growth of infrastructure like roads and construction of stadiums or even revenue generation where we have operations. The support is across sectors.”

Alawuba added that the growth potential of the bank is huge given its customer-first philosophy and its brand code of People-Technology-Process designed to deliver value to all stakeholders.

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