Business Hilights
Tracking Nigeria's Headline Business News Online

UBA sweeps 5 awards at Global Banking awards in UK

Leading financial group, United Bank for Africa (UBA), has continued to grow with the latest showing at the keenly contested global banking awards, where it clinched five country awards.

UBA won Bank of The Year 2016 in Gabon, Congo-Brazzaville, Senegal, Cameroon and Chad at the annual Bankers Award in London, a feat that the Group Managing Director/CEO, UBA Plc, Kennedy Uzoka, dedicated to the customers, whose loyalty, support and patronage he said has remained the fountain of the Group’s growth and competitive edge in the African continent.

Uzoka commended the country CEOs, staff and other stakeholders of the five subsidiaries for the performance, stating that the Group can achieve more with the renewed focus on customer service.

According to him, “The recognition speaks volumes. It validates the strong management, staff commitment to service excellence, sound business model and prudent risk management in these country subsidiaries. We will keep up the good work.”

The UBA haul was one of the highest by any banking Group and a key highlight of the ceremony, which took place at Hilton London Bankside.

Organized every year in the last 17 years by The Banker Magazine, a publication of the Financial Times, the awards aim to highlight industry wide excellence within the global banking community.

Over 1,000 applications are collected and judges select winners based on pre-set metrics that measure progress over the past 12 months.

The 2016 awards were quite significant with markets beginning to stabilize and banks refocusing on growth, following cautious play on low commodity price cycle in the past few years.

Some banks have focused on their domestic businesses whilst some have pushed their expansion into growing markets, thus making 2016 a good year for many banks like UBA who have implemented a robust strategy for growth.

United Bank for Africa is one of Africa’s leading banking Group with operations in 19 African countries and three global financial centres: London, Paris and New York.

Founded in 1948, UBA has grown from a single country operation in Nigeria, Africa’s largest economy, to a pan-African provider of banking and related financial services, to more than 11 million customers, through over 1,000 Business Offices and diverse channels globally.

UBA is listed on the Nigerian Stock Exchange.