Pan-African banking group, United Bank for Africa (UBA) Plc,
at the weekend was recognised for its extraordinary support of the real sector
as it won best bank in the category, ahead of its peers.
The award, the organisers noted is in recognition of UBA’s
leadership role as in expanding access to funds for the support of the real
sector in Nigeria and the rest of Africa where it operates. This feat they
further said has brought about unprecedented growth to the sector and by
extension, the nation’s economy and that of Africa.
Speaking while receiving the prestigious award on behalf of
the bank, Head Strategic Business Group, Mr. Usman Isiaka expressed
appreciation to Businessday for recognising the distinctive role, UBA is
playing in Nigeria as well as the African continent in driving financial
inclusion coupled with its role in supporting the growth of critical sectors.
“The Real sector is pivotal to economic development in
Nigeria and all of Africa as it forms the main driving force of any economy and
its development.
We are pleased with the acknowledgement of our support to
the sector. It is worthy to note that our expansion to Africa has not only
helped diversify our earnings base, it has provided us with the opportunity to
grow economies and partake in the development of Africa. We are grateful to all
stakeholders for their support and are stimulated to do even more” he said.
Frank Aigbogun Publisher, BusinessDay, Nigeria’s leading
business newspaper emphasised that the BusinessDay Banking Awards is the
product of a rigorous process by BusinessDay’s Research and Intelligence Unit,
designed to feed the editorial and also drive commercial research.
“We are motivated by philosophy that, Great institutions and
leaders deserve to be recognised so as to boost healthy competition in their
sector” that is why we make it a point of duty to celebrate those who make the
conscious effort to stand out”, Aigbogun noted.
UBA was incorporated in Nigeria as a limited liability
company after taking over the assets of the British and French Bank Limited who
had been operating in Nigeria since 1949. The United Bank for Africa merged
with Standard Trust Bank in 2005 and from a single country operation founded in
1949 in Nigeria - Africa's largest economy - UBA has become one of the leading
providers of banking and other financial services on the African continent. The
Bank provides services to over14 million customers globally, through one of the
most diverse service channels in sub-Saharan Africa, with over 1,000 branches
and customer touch points and robust online and mobile banking platforms.
UBA was the first Nigerian bank to make an Initial Public
Offering, following its listing on the NSE in1970. It was also the first
Nigerian bank to issue Global Depository Receipts. The shares of UBA are
publicly traded on the Nigerian Stock Exchange and the Bank has a
well-diversified shareholder base, which includes foreign and local institutional
investors, as well as individual shareholders.
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