United Bank for Africa (UBA) Plc has once again proven its dominance in the African banking sector by clinching a total of nine prestigious awards at The Banker Awards 2023, organized by the leading Banker Magazine, a publication of Financial Times of London.
The awards ceremony, held in London, saw UBA securing the highly coveted title of Bank of the Year Africa 2023, reaffirming its status as the leading financial institution on the continent. UBA’s subsidiaries also excelled, winning the Bank of the Year accolade in eight out of the 20 African countries where the bank operates.
The winning subsidiaries are UBA Cameroon, UBA Chad, UBA Ghana, UBA Cote d’Ivoire, UBA Mozambique, UBA Congo, UBA Sierra Leone, and UBA Tanzania. This recognition underscores UBA’s significant impact and dominance in diverse African markets, marking the second time in three years that the bank has clinched the regional award.
Group Managing Director of UBA, Oliver Alawuba, expressed gratitude and excitement, emphasizing that these awards serve as reassurance that the bank is on track in consolidating its leadership position in Africa and creating superior value for stakeholders.
Alawuba stated, “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.
He credited UBA’s millions of customers and thousands of staff for the ongoing success, stating, “We have our millions of customers across the globe and our many thousands of staff to thank for this. They are the very reason why we keep winning and receiving these accolades.”
The Banker Awards is a globally recognized benchmark for banking excellence, and UBA’s multiple victories highlight its commitment to providing exceptional financial services and superior financial intermediation on the continent. As Africa’s Bank of the Year, UBA has demonstrated its ability to navigate the complexities of the African banking landscape and drive economic growth and financial inclusion.
Editor of the Banker, Joy Macknight, praised UBA’s consistent excellence, stating, “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 2nd time in three years. Congratulations. The award recognises the bank’s strength across Africa, including many of its most competitive markets.”
In addition to The Bankers Awards, UBA recently secured three categories at the 2023 FMDQ Gold Awards, further showcasing its impressive capital strength and liquidity provision in the Nigerian financial market.
UBA’s robust financial performance, including soaring profit before tax and strong shareholders’ funds, positions the bank as a corporate role model in Nigeria and across Africa. With a presence in 20 African countries and key global cities, UBA continues to connect people and businesses through its diverse banking services and innovative solutions.