United Bank for Africa

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United Bank for Africa
TypePublic: NSE: United Bank for Africa: Banks in Nigeria
IndustryFinancial Services, Banking, Investment Services
Founded1949
HeadquartersUBA House, 57 Marina, P.O. Box 2406, Lagos Nigeria
Key peopleIsrael C. Ogbue
Group Chairman
Phillips Oduoza
Group Managing Director & Chief Executive Officer
Kennedy Uzoka
Deputy Managing Director
Products

Internet banking U-Direct
Mobile banking U-Mobile
Wholesale Banking
Corporate banking
Investment Banking
Consumer Banking
Money Transfer
Debit Cards
Collections
Treasury
Trade
Savings Accounts
Current Accounts

Domiciliary Accounts
Non-Resident African Banking
WebsiteWebsite
 
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United Bank for Africa
TypePublic: NSE: United Bank for Africa: Banks in Nigeria
IndustryFinancial Services, Banking, Investment Services
Founded1949
HeadquartersUBA House, 57 Marina, P.O. Box 2406, Lagos Nigeria
Key peopleIsrael C. Ogbue
Group Chairman
Phillips Oduoza
Group Managing Director & Chief Executive Officer
Kennedy Uzoka
Deputy Managing Director
Products

Internet banking U-Direct
Mobile banking U-Mobile
Wholesale Banking
Corporate banking
Investment Banking
Consumer Banking
Money Transfer
Debit Cards
Collections
Treasury
Trade
Savings Accounts
Current Accounts

Domiciliary Accounts
Non-Resident African Banking
WebsiteWebsite

United Bank for Africa Plc (UBA) Africa's Global Bank with a uniquely scaled platform. Strong retail franchise reaching over 7 million customers, over 700 business offices, in 19 countries in Africa including Nigeria plus New York, London and Paris.

Contents

Overview[edit]

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.[1] Listed on the Nigerian Stock Exchange in 1970, UBA claims to be rapidly evolving into a pan-African full service financial institution.[2] The Group adopted the holding company model in July 2011.As of December 2011, 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).[3]

History[edit]

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.

NSE[edit]

UBA is listed on the Nigerian Stock Exchange, where it is publicly traded under the symbol:UBA.

Recent Press Release[edit]

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.

Financials[edit]

Annual Reports
Interim Reports
Management Presentations

Latest News and Information[edit]

For Latest UBA Information see News and Events on the Bank's Website

Internet Banking[edit]

U-Mobile [8]

Robust Mobile Banking Platform which only requires a customer has an account (savings or current) or Prepaid Card with UBA Plc and a Java Enabled Mobile Phone[4]

Features of U-Mobile
  1. Account Management: Balance Inquiry, Statement generation on Last 5 transactions
  2. Transfers: Within the bank transfers, transfers to other banks, transfer to UBA business offices
  3. Bill Payment: Ability to pay bills such as PHCN, SWIFT,DSTV and other billers as added to the list periodically.
  4. Airtime Topup: Ability to do Airtime Topup for all networks, any amount.
Benefits
  1. Convenience to the customer.
  2. Security of the customer's funds and account.
  3. Zero Risk to the customer in comparison to other traditional banking channels.
  4. Online real-time transfer of funds to a beneficiary.

U-Direct

Robust Internet Banking Platform which only requires a customer has an account(savings or current) with UBA Plc and an Internet browser(on PC, Tablets, Smartphones).[5]
  1. Account Management: Balance Inquiry, Statement generation and download on various formats
  2. Transfers: Within the bank transfers, transfers to other banks, transfer to UBA business offices
  3. Bill Payment: Ability to pay bills such as PHCN, SWIFT,DSTV, the list of billers keeps expanding.
  4. Airtime Topup: Ability to do Airtime Topup for all networks, any amount.
  5. Financial Modelling on Accounts
Benefits
  1. Convenience to the customer.
  2. Security of the customer's funds and account.
  3. Zero Risk to the customer in comparison to other traditional banking channels.
  4. Online real-time transfer of funds to a beneficiary.

Cards[edit]

See Our UBA Prepaid and Debit Card Offerings

Social Responsibility[edit]

UBA Foundation

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:

  1. Environment (beautification, waste-management systems, etc.);
  2. Education (the provision of tertiary scholarships, learning interventions and events, etc.);
  3. Economic Empowerment (providing facilities and amenities, employing street people to assist with cleaning and gardening services, enabling micro-credit schemes to budding traders);
  4. 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.[6]

Offshore subsidiaries[edit]

United Bank for Africa in Ghana
United States
United Kingdom
France
Africa

Notable Awards and Landmarks[edit]

UBA Firsts
  1. UBA was the first among international banks to be registered under Nigerian Law in 1961.[12]
  2. UBA is the first Nigerian bank to offer an IPO following its listing on the Nigerian Stock Exchange in 1970.[13]
  3. 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.[14]
  4. UBA is the first and only Nigerian Bank to obtain a banking license in the Cayman Islands -1988.[15]
  5. First ever and only Nigeria bank to hit the NGN1 trillion balance sheet size (including contingents).[16]
  6. UBA is the first Nigerian bank to embark on a GDR programme in 1990.[17]
  7. UBA is the First bank in Nigeria to institute a foundation - UBA Foundation; the Corporate Social Responsibility arm of the UBA Group.[18]
  8. UBA Introduced First Visa Dual Currency Debit Card in Nigeria.
  9. UBA and MoneyGram open first dedicated MoneyGram location in Nigeria.[19]
  10. 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.[20]
  11. Successful underwriting of the first 100 percent local funding of an ExxonMobil/NNPC Joint Venture Project.
  12. UBA launches Nigeria's First Cash Deposit ATMs
UBA Awards
  1. UBA Microfinance Admitted into Women's World Banking Network by Women's World Banking in 2009.
  2. 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.
  3. Global Excellence Magazine Recognition Award, by Global Excellence Newspaper (2009).
  4. UBA GMD/CEO, Tony Elumelu, named as one of 100 Africans to Shape the Continent in 2009 by Jeune Afrique Magazine.
  5. Best Customer Care Award by Ghana Banking Awards in 2009.[21]
  6. UBA GIS wins Money Markets' Innovation Award for West Africa [22]
  7. Ranked one of Top 10 banks in sub-Saharan Africa by the Banker magazine published by the Times of London [23]

References[edit]

  1. ^ "UBA – United Bank for Africa Plc" Black Herald, Showcasing Africa, 10.09.07
  2. ^ UBA, "Group at a glance" 2008 Annual Report
  3. ^ UBA Group Balance Sheet On 31 December 2011
  4. ^ Robust Mobile Banking Platform which only requires a customer has an account (savings or current) or Prepaid Card with UBA Plc and a Java Enabled Mobile Phone
  5. ^ Robust Internet Banking Platform which only requires a customer has an account(savings or current) with UBA Plc and an Internet browser(on PC, Tablets, Smartphones).
  6. ^ 44."UBA, GTBank lead CSR Ratings," THISDAY, [1], 12-04-08
  7. ^ UBA Congo Brazzaville Opens For Business
  8. ^ List of Countries With UBA Presence
  9. ^ UBA Opens Branches In DRC
  10. ^ UBA Zambia Established In 2011
  11. ^ UBA Zambia Seeking Local Banking Licence
  12. ^ UBA Registered Under Nigerian Law In 1961
  13. ^ "UBA, Nigeria's n°1 Bank launches 54 Billion Naira hybrid offer," Symbiotics, [2] 09/03/07
  14. ^ "African Centre for Women Report of the Ad Hoc Expert Group Meeting to consider modalities of setting up an African Bank For Women," United Nations Economic Commission for Africa [3] 24/08/94
  15. ^ Sarah Rundell, "Hungry for More Market Share," Africa Investor [4], 01-03-07
  16. ^ "UBA, Nigeria's No.1 Bank launches 54 Billion Naira hybrid offer," Symbiotics, [5]
  17. ^ Ugonna Maduagufor, "Global Depository Receipts," Stock Market Nigeria [6] 30-06-08
  18. ^ About UBA Foundation
  19. ^ Beryl Opondo, "MoneyGram and UBA open first dedicated MoneyGram location in Nigeria," Prudence International Magazine, [7], 23-05-06
  20. ^ United Bank for Africa Makes History,"
  21. ^ UBA Wins 2009 Best Customer Care Award In Ghana
  22. ^ UBA GIS Wins Money Markets' Innovation Award for West Africa In 2008
  23. ^ UBA Named One of Top 100 African Banks In 2009

External links[edit]