UNITED BANK FOR AFRICA PLC – NIGERIA (UBA)

United Bank for Africa PLC – Company Overview

United Bank for Africa PLC

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About the Company

United Bank for Africa PLC (UBA) is a leading pan-African financial services group headquartered in Lagos, Nigeria. Established in 1948, UBA has grown to operate in 20 African countries, as well as offices in London, Paris, and New York. The bank offers a wide range of banking and financial services, including corporate, commercial, and retail banking, as well as investment banking and asset management.

Leadership Team

  • Mr. Tony O. Elumelu – Group Chairman
  • Mr. Oliver Alawuba – Group Managing Director/CEO
  • Mr. Kennedy Uzoka – Former Group Managing Director/CEO

Corporate Social Responsibility (CSR)

UBA is committed to corporate social responsibility through initiatives that promote community development, environmental sustainability, and economic growth. The bank emphasizes responsible business practices and social impact, aiming to improve the quality of life in its host communities.

Company Milestones

  • 1948: Commenced business as British and French Bank Limited.
  • 1961: Incorporated as United Bank for Africa to take over the business of British and French Bank Limited.
  • 1970: Listed its shares on the Nigerian Stock Exchange, becoming the first Nigerian bank to undertake an Initial Public Offering (IPO).
  • 2005: Merged with Standard Trust Bank, creating one of the largest mergers in the history of the Nigerian capital markets.
  • 2021: Received a banking license to commence operations in the United Arab Emirates.

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