Awards Pour In For UBA’s Seasons Of Honours
Awards have poured in for Africa’s Global Bank, United Bank for Africa (UBA) Plc, in recognition of its contributions tothereby elevating its global standing.
The recognition of the bank’s outstanding performance reaffirms its status as a leading player in critical financial intermediation, project financing, trade facilitation, and advisory in Africa and beyond.
UBA emerged as Global Finance’s Best SME Bank for 2023 in Nigeria, Ghana, andthe bank’s continuous resolve to support small and medium-scale businesses which of any growing economy.
Also, the bank, with a presence in 20 African countries won the 2023 FMDQ Gold Awards in three key categories of Money Market Liquidity Provider; FX Market Liquidity Provider, and Dealing Member of theUBA was also Finance’s Safest Bank in
Responding to the FMDQ Group Awards, the Group Chairman, Tony Elumelu said “This recognition is a testament to UBA’s impressive capital strength and capacity to provide liquidity to African financial markets even in the face of harsh economicour market knowledge, dedication to customer services and the trust of our clients.”
Continuing on the global scene, UBA Ghana clinched the World Business Outlook Awards for 2023 as the Best Banking Services Provider Ghana 2023; Leading Financial Services Institutions Ghana 2023, and the Banking CEO of the Year Ghanawas won by Mr. Chris Ofikulu, the then CEO of UBA Ghana.
Earlier, the bank was highly celebrated as it clinched nine prestigious awards including the highly coveted Bank of the Year Africa 2023 at The Bankers Awardsby The Banker Magazine – a publication of Financial Times of London, the world’s leading business newspaper. UBA’s subsidiaries in eight countries including Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Republic of Congo, Sierra Leone, and the bank’s dominance and impact across diverse African markets.
UBA’s Group Managing Director, Oliver Alawuba, who received the awards on behalf of the bank, expressed his gratitude and excitement about the awards, and said the recognitions come as a reassurance that the bank is on track in its goalconsolidating its leadership position in Africa, as it continues to create superior value for its stakeholders.
“UBA is honoured to beof the Year in these eight countries and receive the overall Award for Africa. This accomplishment is a testament to the We remain committed to delivering top-notch banking services that positively impact our customers across the continent.
Speaking about UBA’s consistent excellence in the financial services sector across the continent which has earned the bank great accolades overtime, Editor of the Banker, Joy Macknight, said that as always, UBA remains a clear winner across a wide range of criteria, having performed impressively across its footprintfinancial performance across most of its markets.
“In a year of strong competition among the continent’s major banking groups, UBA has gained the edgeits rivals to win the Bank of the Year award for for the third time in five years. Congratulations. The award recognises the bank’s strength across Africa, including many of its most competitive markets,” Macknight stated.
Only recently, UBA joined companies withcapitalization having seen its shares grow by over 260% since 2023. UBA’s N1tn market capitalisation mark comes the bank’s share being named as the highest-performing stock in the banking sector in 2023, which underscores the bank’s robust growth trajectory and unwavering market confidence.
United Bank for Africa Plc is a leadingfinancial institution, offering banking services to more than twenty-five (25) million customers, across 1,000 business offices and customer touch points in 20 African countries. With a presence in New York, London, Paris, and Dubai, UBA people and businesses across Africa through retail, commercial, and corporate banking, innovative cross-border payments and remittances, trade finance and ancillary banking services.