UBA is a large financial services provider in Nigeria with subsidiaries in 20 sub-Saharan countries, with representative offices in France, the United Kingdom and the United States. It offers universal banking services to more than 7 million customers across 750 branches. Formed by the merger of the commercially focused UBA and the retail focused Standard Trust Bank in 2005, the Bank purports to have a clear ambition to be the dominant and leading financial services provider in Africa. Listed on the Nigerian Stock Exchange in 1970, UBA claims to be rapidly evolving into a pan-African full service financial institution. The Group adopted the holding company model in July 2011.As of December 2011[update], the valuation of UBA Group's total assets was approximately US$12.3 billion (NGN:1.94 trillion), with shareholders' equity of about US$1.07 billion (NGN:170 billion).
Today's United Bank for Africa Plc (UBA) is the product of the merger of Nigeria's third (3rd) and fifth (5th) largest banks, namely the old UBA and the erstwhile Standard Trust Bank Plc (STB) respectively, and a subsequent acquisition of the erstwhile Continental Trust Bank Limited (CTB). The union emerged as the first successful corporate combination in the history of Nigerian banking.
UBA's history dates back to 1948 when the British and French Bank Limited ("BFB") commenced business in Nigeria and the erstwhile STB and CTB both in 1990. Following Nigeria's independence from Britain, UBA was incorporated in 1961 to take over the business of BFB. Although today's UBA emerged at a time of industry consolidation induced by regulation, the consolidated UBA was borne out of a desire to lead the domestic sector to a new era of global relevance by championing the creation of the Nigerian consumer finance market, leading a private/public sector partnership at supporting the acceleration of Nigeria's economic development, and growing the institution from a banking to a one-stop financial services institution, while spreading its footprints across Africa to earn the reputation as the face of banking in the continent. Today, United Bank for Africa Plc, is one of Africa's leading financial institutions offering universal banking to more than 7.2 million customers across 700 Business Offices in 19 African countries. With presence in New York, London and Paris, UBA is your partner for banking services for Africans and African related businesses globally.
UBA Wins African Bank of the Year, Dominates At Banker Awards In London
The Banker Magazine, a publication of Financial Times, has named United Bank for Africa Plc (UBA), the Bank of the Year, Africa. UBA carted home the regional award for the continent at the Banker Awards ceremony in London, joining the ranks of other regional winners like Scotiabank-Global Americas, Nordea-Western Europe, Raiffeisen Bank International -Central and Eastern Europe, DBS-Asia\Pacific and Qatar National Bank-Middle East.
As one of West Africa's largest and most profitable banks, there is a need for a social contract between the bank, the community and its people. United Bank for Africa became the first bank in Nigeria to institute a foundation, UBA Foundation. Funded with 1% of PBT, UBA Foundation is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Environment, Education, Economic Empowerment and Special projects ("EEES"). More specifically:
Education (the provision of tertiary scholarships, learning interventions and events, etc.);
Economic Empowerment (providing facilities and amenities, employing street people to assist with cleaning and gardening services, enabling micro-credit schemes to budding traders);
Special Projects (various community development initiatives and infrastructure projects). UBA Foundation has been recognized with a number of awards such as the SIAO, Emerging Top in Corporate Social Responsibility(CSR) Award.
United Bank for Africa in Ghana
UBA New York – Regulated by the Office of the Comptroller of the Currency, is a member of the United States Federal Reserve System. Its balance sheet size is in excess of US$1.3 billion.
UBA United Kingdom
UBA Capital Europe - Established as UK regulated investment banking operation in January 2008.
UBA Burkina Faso
UBA Cameroon S.A. – Cameroon represents UBA's first operational base in Central Africa, commencing operations in December 2007.
UBA Congo Brazzaville - Started Operations In January 2011.
UBA was the first among international banks to be registered under Nigerian Law in 1961.
UBA is the first Nigerian bank to offer an IPO following its listing on the Nigerian Stock Exchange in 1970.
UBA is the first Nigerian Bank to introduce a Cheque Guarantee Scheme - the first cheque guarantee card in the history of innovative banking services by any Bank in Nigeria, known as UBACARD in 1986.
UBA is the first and only Nigerian Bank to obtain a banking license in the Cayman Islands -1988.
First ever and only Nigeria bank to hit the NGN1 trillion balance sheet size (including contingents).
UBA is the first Nigerian bank to embark on a GDR programme in 1990.
UBA is the First bank in Nigeria to institute a foundation - UBA Foundation; the Corporate Social Responsibility arm of the UBA Group.
UBA Introduced First Visa Dual Currency Debit Card in Nigeria.
UBA and MoneyGram open first dedicated MoneyGram location in Nigeria.
United Bank for Africa (UBA) attained a landmark achievement when it interconnected its 428 branches making it the bank with largest online real time branch network in Nigeria and Africa. An integration process that was completed months below the normal industry average of 36 months.
Successful underwriting of the first 100 percent local funding of an ExxonMobil/NNPC Joint Venture Project.
UBA launches Nigeria's First Cash Deposit ATMs
UBA Microfinance Admitted into Women's World Banking Network by Women's World Banking in 2009.
UBA named one of Top 500 Banks in the World In Terms of Brand Value in 2009, by The Banker Magazine, a subsidiary of The Financial Times of London.
Global Excellence Magazine Recognition Award, by Global Excellence Newspaper (2009).
UBA GMD/CEO, Tony Elumelu, named as one of 100 Africans to Shape the Continent in 2009 by Jeune Afrique Magazine.
Best Customer Care Award by Ghana Banking Awards in 2009.
UBA GIS wins Money Markets' Innovation Award for West Africa 
Ranked one of Top 10 banks in sub-Saharan Africa by the Banker magazine published by the Times of London 
^"UBA – United Bank for Africa Plc" Black Herald, Showcasing Africa, 10.09.07