UBA officially opens in United Kingdom



United Bank for Africa Plc (UBA), has officially launched in the United Kingdom (UK). The launching came a few weeks after the Pan-African bank extended its footprints to Mali.

The launching was held in grand-style, as industry stakeholders graced the event. Among the stakeholders are -African richest man, Aliko Dangote, Dr Okey Oramah, Albert Massland, and a host of others.

Nigeria’s pop star, Oladapo Oyebanjo popularly known as Dbanj also touched down London to serenade the guests present at the launching. More so, Wizkid who was the headliner for the bank’s launching in Mali graced the event.

In a post on Instagram, UBA stated that having had a growing footprint of 20 countries in Africa and globally in the United States of America (USA), France and the UK, the launching did not only represents its expansion but reaffirms its commitment to enterprise, excellence and execution.Recall that UBA on Monday, February 4, 2019, opened a new branch in Mali. Maimouna El Oumarany, a Spokeswoman for UBA’s Malian subsidiary, said the bank aims at expanding its footprint in the region where it already operates in a dozen countries.

UBA’s performance
The bank’s Q3 2018 results show that interest income witnessed a 12.6% increased from N238 billion in 2017 to N268 billion. Profit after tax also increased by 1.14% from N60.9 billion in 2017 to N61.6 billion.

UBA traded its shares on the NSE floor in its last trading session at N7.45.
About UBA
United Bank for Africa Plc, together with its subsidiaries, primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally. The company operates through Corporate Banking, Retail/Commercial Banking, and Treasury and Financial Markets segments.

Founded in 1948, UBA offers current, savings, and domiciliary accounts; revolving, executive, and other personal overdrafts; asset finance; mortgages; personal, co-operative, executive, and cash collaterised loans; debit and prepaid cards; and foreign exchange services.

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