UBA's retained earnings surpass N1 trillion, with the group reporting a pre-tax profit of N156.3 billion in Q1 2024.

UBA Wins Multiple International Awards, Global Finance Best SME Bank 2023


UBA Wins Multiple International Awards, Global Finance Best SME Bank 2023

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions to the economic development of Africa.
The recognition of the bank’s outstanding performance reaffirms its status as a leading player in the financial industry with critical financial intermediation, project financing, trade facilitation, and advisory services in Africa and beyond.

UBA emerged as Global Finance’s Best SME Bank for 2023 in Nigeria, Ghana, and Mozambique, awards that spotlight the bank’s continuous resolve towards supporting small and medium-scale businesses, which is the lifeblood of any growing economy.

Also, the bank, with a presence in 20 African countries, won the 2023 FMDQ Gold Awards in three key categories: Money Market Liquidity Provider, FX Market Liquidity Provider, and Dealing Member of the Year, while UBA was also named as Global Finance’s Safest Bank in Senegal in 2023.

Responding to the FMDQ Group Awards, the Group Chairman, Mr. Tony O. Elumelu (CFR), said, “This recognition is a testament to UBA’s impressive capital strength and capacity to provide liquidity to African financial markets even in the face of harsh economic realities, our market knowledge, dedication to customer services, and the trust of our clients.”

Continuing on the global scene, UBA Ghana clinched the World Business Outlook Awards for 2023 as the Best Banking Services Provider Ghana 2023, Leading Financial Services Institutions Ghana 2023, and Banking CEO of the Year Ghana 2023, which was won by Mr. Chris Ofikulu, the then CEO of UBA Ghana.

Earlier, the bank was highly celebrated as it clinched nine prestigious awards, including the highly coveted Bank of the Year Africa 2023 at The Bankers Awards 2023, organised by The Banker Magazine, a publication of the Financial Times of London, the world’s leading business newspaper. UBA’s subsidiaries are in eight countries, including Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, the Republic of Congo, Sierra Leone, and Tanzania, underscoring the bank’s dominance and impact across diverse African markets.

UBA’s Group Managing Director, Oliver Alawuba, who received the awards on behalf of the bank, expressed his gratitude and excitement about the awards and said the recognitions come as a reassurance that the bank is on track in its goal of consolidating its leadership position in Africa as it continues to create superior value for its stakeholders.

“UBA is honoured to be named the Bank of the Year in these eight countries and to receive the overall award for Africa. This accomplishment is a testament to the hard work, dedication, and innovative spirit of the entire UBA team. We remain committed to delivering top-notch banking services that positively impact the lives of our customers across the continent.”

Speaking about UBA’s consistent excellence in the financial services sector across the continent, which has earned the bank great accolades over time, Editor of the Banker, Joy Macknight, said that, as always, UBA remains a clear winner across a wide range of criteria, having performed impressively across its footprint with a strong financial performance across most of its markets.

“In a year of strong competition among the continent’s major banking groups, UBA has gained the edge on its rivals to win the Bank of the Year award for Africa for the third time in five years. Congratulations. The award recognises the bank’s strength across Africa, including many of its most competitive markets,” Macknight stated.

Only recently, UBA joined companies with N1 trillion in capitalization, having seen its shares grow by over 260% since the beginning of 2023. UBA’s N1tn market capitalization mark comes amidst the bank’s share being named as the highest performing stock in the banking sector in 2023, which underscores the bank’s robust growth trajectory and unwavering market confidence.

United Bank for Africa Plc is a leading pan-African financial institution, offering banking services to more than twenty-five (25) million customers across 1,000 business offices and customer touch points in 20 African countries. With a presence in New York, London, Paris, and Dubai, UBA is connecting people and businesses across Africa through retail, commercial, and corporate banking, innovative cross-border payments and remittances, trade finance, and ancillary banking services.

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