United Bank for Africa

United Bank for Africa Plc (UBA), is a Nigerian pan-African financial services group headquartered in Lagos. It has subsidiaries in 20 African countries and offices in London, Paris and New York.[3] It is listed as commercial bank by the Central Bank of Nigeria.[4] The shares of stock of the group are listed on the Nigerian Stock Exchange, where they trade under the symbol: UBA.[5] The Chairman of the Bank is Tony Elumelu and the GMD is Kennedy Uzoka.

United Bank for Africa
TypePublic
NSE: UBA
IndustryFinancial Services, Banking, Investment Services
Founded1949 (1949)
HeadquartersUBA House, 57 Marina, Lagos, Lagos State, Nigeria
Areas served
Africa, Europe, United States
Key people
Tony Elumelu[1]
Group Chairman
Kennedy Uzoka
Group Managing Director & Group CEO[2]
ProductsInternet banking
Mobile banking
Wholesale Banking
Corporate banking
Investment Banking
Consumer Banking
Collections
Treasury
Trade finance
Savings Accounts
Current Accounts
Domiciliary Accounts
Non-Resident African Banking
Money Transfer
Debit Cards
RevenueAftertax:NGN₦89.09 billion (US$232 million) (2019)
Total assetsNGN₦5.6 Trillion (US$14.6 billion) (2019)
Number of employees
13,355 (2019)
WebsiteWebsite

Current Executives

The table below shows the current executives of United Bank for Africa

United Bank for Africa Group Executives3
S/N Name of Executive Title/Designation
1 Tony O Elumelu Chairman
2 Kennedy Uzoka CEO, Group Managing Director & Executive Director
3 Chuks Nweke Group Chief Operating Officer & Executive Director
4 Ugochukwu A. Nwaghodoh Group Chief Financial Officer
5 Abdoul Aziz Dia Executive Director & Head-Treasury
6 Anant Rao Head-Group Consumer & Digital Banking
7 Franklyn Bennie Group Chief Compliance Officer
8 Chukwuma Nweke Executive Director, Head-Retail & Payments
9 Uche Ike Executive Director & Head-Compliance & Risk
10 Oliver Alawuba Executive Director & CEO-Africa Region
11 Foluke Kafayat Abdul-Razaq Non-Executive Director
12 Joseph Chiedu Keshi Vice Chairman
13 Dan Okeke Executive Director
14 Ayoku Liadi Executive Director
15 Ibrahim Puri Executive Director
16 Erelu Angela Adebayo Non-Executive Director
17 Isaac Olukayode Fasola Non-Executive Director
18 Angela Aneke Non-Executive Director
19 Abdulqadir Jeli Bello Non-Executive Director
20 Emmanuel Onokpasa Group Treasurer
21 Gboyega Sadiq Group Chief Internal Auditor
22 Patricia Aderibigbe Head-Group Human Resources
23 Bili Andrew Odum Group Secretary
24 Samuel Adikamkwu Group General Counsel
25 Owanari Bobmanuel Duke Independent Non-Executive Director
26 Samuel Oni Independent Non-Executive Director

Overview

United Bank For Africa is a large financial services group in Nigeria and on the African continent. As of December 2019, the group's financial assets were valued at NGN:5,604 billion (US$14.6 billion), with shareholders' equity of NGN:597.97 billion (US$1.56 billion). At that time the group employed 13,355 people, of whom 9,787 were Nigerians.[6] The group maintains banking subsidiaries in Nigeria, Ghana, Benin, Ivory Coast, Burkina Faso, Guinea, Chad, Cameroon, Kenya, Gabon, Tanzania, Zambia, Uganda, Liberia, Sierra-Leone, Mozambique, Senegal, DR Congo, Congo Brazzaville and Mali.[7]

History

The bank was established in 1949, as the British and French Bank Limited (BFB). On 23 February 1961, UBA was incorporated as a limited liability company under the Compliance Ordinance (Cap 37) 1922. UBA took over the assets and liabilities of BFB. In 1970 UBA listed its shares on the Nigerian Stock Exchange in an IPO, being the first Nigerian bank to make an initial public offering. In 2005 UBA merged with Standard Trust Bank (STB) Plc, a Nigerian institution which had a subsidiary in Ghana. The merged bank maintained the name United Bank for Africa.[8]

Since then, the group has expanded to include 20 sub-Saharan countries, as well as offices in the United Kingdom, France and the United States.[7]

Subsidiaries
United Bank for Africa in Ghana

The table below illustrates the locations and Group shareholding in the subsidiary banks of the UBA Group Plc.[6][7]

List of UBA Group Subsidiary Banks
RankCountrySubsidiaryShareholding
1United StatesUBA New York Inc.
100
2United KingdomUBA United Kingdom Limited
100
3FranceUBA France S.A.
100
4NigeriaUBA Nigeria Limited
100
5BeninUBA Benin
84
6Burkina FasoUBA Burkina Faso
64
7CameroonUBA Cameroon S.A.
100
8ChadUBA Chad S.A
89
9Republic of the CongoUBA Congo Brazzaville
100
10Democratic Republic of the CongoUBA Congo DRC
100
11Ivory CoastUBA Côte d'Ivoire
100
12GabonUBA Gabon S.A.
100
13GhanaUBA Ghana Limited
91
14Republic of GuineaUBA Guinea Conakry S.A.
100
15KenyaUBA Kenya Limited
81
16LiberiaUBA Liberia Limited
100
17MaliUBA Mali
100
18MozambiqueUBA Mozambique
96
19SenegalUBA Senegal S.A.
86
20Sierra LeoneUBA Sierra Leone Limited
100
21TanzaniaUBA Tanzania
82
22UgandaUBA Uganda Limited
69
23ZambiaUBA Zambia Limited
100

References
  1. Lara Adejoro (26 August 2014). "UBA Appoints Elumelu As Chairman" (Archived from the original on 3 September 2014). Daily Times (Nigeria). Lagos, Nigeria. Retrieved 2 July 2020.
  2. World Economic Forum (July 2020). "Kennedy Uzoka: Group Managing Director and Chief Executive Officer, United Bank for Africa Plc". Cologny, Switzerland: World Economic Forum. Retrieved 2 July 2020.
  3. Katumu Adasi (2020). "How to get UBA Africard for secure online transactions". Blogging Booth. Retrieved 2 July 2020.
  4. Central Bank of Nigeria (2 July 2020). "List of Licensed Financial Institutions: Commercial Banks". Abuja: Central Bank of Nigeria. Retrieved 2 July 2020.
  5. African Markets (2019). "United Bank For Africa Plc, Listed On Nigerian Stock Exchange". African-markets.com. Retrieved 2 July 2020.
  6. United Bank For Africa (27 January 2020). "UBA Plc Annual Report For The Period Ended 31 December 2019" (PDF). Lagos, Nigeria: United Bank For Africa. Retrieved 2 July 2020.
  7. United Bank For Africa (2 July 2020). "UBA Plc Service Area" (Powerpoint Presentation). Lagos, Nigeria: United Bank For Africa. Retrieved 2 July 2020.
  8. Solomon Elusoji (15 December 2017). "Bank Of The Year". This Day Nigeria. Lagos. Retrieved 2 July 2020.

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