United Bank for Africa Zambia Limited

United Bank for Africa Zambia Limited, also UBA Zambia, is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator.[1]

United Bank for Africa Zambia Limited
TypeSubsidiary of United Bank for Africa
IndustryBanking
FoundedJanuary 1, 2010 (2010-01-01)
HeadquartersLusaka, Zambia
Key people
Abel Ng’andu
Chairman
Emeka Dimanochie
Managing Director
ProductsLoans, credit cards, savings, investments, mortgages
Websitewww.ubazambia.com

Location

The headquarters and main branch of UBA Zambia Limited are located at Stand 22768, Acacia Park, at the Corner of Great East Road and Thabo Mbeki Road, in the central business district of Lusaka, the capital and largest city of Zambia.[2] The geographical coordinates of the bank's headquarters are:15°23'28.0"S, 28°19'07.0"E (Latitude:-15.391111; Longitude:28.318611).[3]

Overview

The bank serves the banking needs of large corporations, small and medium sized enterprises, individuals and government departments. The bank is a 100 percent subsidiary of United Bank for Africa, a Nigerian-headquartered financial services conglomerate, with banking subsidiaries in 20 sub-Saharan countries, whose total assets were valued at US$14.6 billion, as of 31 December 2019.[4]

History

UBA Zambia was established in 2010, following successful start-ups by the parent company in Kenya, Uganda and Tanzania. UBA Zambia is the first UBA subsidiary to be established in Southern Africa.[5] UBA Zambia promotes cashless banking and the use of internet banking products.[6][7]

Branch network

As of June 2020, the bank maintained a network of branches at the following locations: 1. Acacia Park Branch: Acacia Park, Lusaka Main Branch 2. Kamwala Branch: Independence Avenue, Kamwala, Lusaka 3. Kitwe Branch: 3 Mega Shopping Centre, Corner of Enos Comba Road and Independence Avenue, Kitwe.[8]

Governance

The Chairman of the ten-person Board of Directors of UBA Zambia, is Abel Ng’andu.[9] Emeka Dimanochie, serves as the Managing Director and CEO of the bank.[10]

See also

References
  1. Bank of Zambia (30 June 2020). "Bank of Zambia: List of Licensed Commercial Banks". Lusaka: Bank of Zambia. Retrieved 30 June 2020.
  2. UBA Zambia (30 June 2020). "Location of headquarters of United Bank for Africa Zambia Limited". Lusaka: UBA Zambia Limited. Retrieved 30 June 2020.
  3. Google (30 June 2020). "Coordinates of the headquarters of UBA Zambia" (Map). Google Maps. Google. Retrieved 30 June 2020.
  4. 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 30 June 2020.
  5. Proshare Nigeria (2010). "UBA Makes First Southern African Market Entry In Zambia". Lagos, Nigeria: Proshare Nigeria. Retrieved 30 June 2020.
  6. Mukosela (20 March 2020). "UBA Zambia Introduces 'Easy Pay' For Students". Mukosela.over.com. Retrieved 30 June 2020.
  7. Chris Phiri (25 August 2019). "Mulenga Hails Financial Sector Role in Economic Development". Lusaka: Zambiareports.com. Retrieved 30 June 2020.
  8. UBA Zambia (30 June 2020). "List of Branches of United Bank for Africa Zambia Limited". Lusaka: United Bank for Africa Zambia. Retrieved 30 June 2020.
  9. Tech Trends (31 March 2020). "UBA Zambia donates K2.65m to Zambian government towards COVID-19 relief". Lusaka: Techtrends.co.zm. Retrieved 30 June 2020.
  10. UBA Zambia (30 June 2020). "UBA Zambia Managing Director: Emeka Dimanochie". Lusaka: UBA Zambia Limited. Retrieved 30 June 2020.

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