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UNITED BANK FOR AFRICA
UBA

Last update 3 months ago

Industry Finance | Banking (185)
Lagos, Nigeria
Workforce more than 10,000 employees Listed on NSE-Nigeria (UBA)

+234 1 631 9822 | +234 700 225 5822

Email cfc@ubagroup.com Website


Our business strategy is built on being the bank of choice for businesses across the African continent. Using our extensive spread across the continent, we aim to facilitate inter and intra African trade and also be the pivot for inflow of investment capital into the continent.  Through the maintenance of a quality balance sheet, we will support infrastructural development across the continent and be the lead bank in Africa’s renaissance. 

History

BA’s has more than 65 years of providing uninterrupted banking operations dating back to 1948 when the British and French Bank Limited (“BFB”) commenced business in Nigeria. BFB was a subsidiary of Banque Nationale de Crédit (BNCI), Paris, which transformed its London branch into a separate subsidiary called the British and French Bank, with shares held by Banque Nationale de Crédit and two British investment firms, S.G. Warburg and Company and Robert Benson and Company. A year later, BFB opened its offices in Nigeria to break the monopoly of the two existing British owned banks in Nigeria then.

Following Nigeria’s independence from Britain, UBA was incorporated on 23, February 1961 to take over the business of BFB. UBA eventually listed its shares on the Nigerian Stock Exchange (NSE), in 1970 and became the first Nigerian bank to subsequently undertake an Initial Public Offering (IPO). UBA became the first sub-Saharan bank to take its banking business to North America when it opened its New York Office (USA) in 1984 to offer banking services to Africans in Diaspora.

Today’s UBA emerged from the merger of then dynamic and fast growing Standard Trust Bank, incorporated in 1990 and UBA, one of the biggest and oldest banks in Nigeria. The merger was consummated on August 1, 2005, one of the biggest mergers done on the Nigerian Stock Exchange (NSE). Following the merger, UBA subsequently went ahead to acquire Continental Trust Bank in the same year, further expanding the UBA brand. UBA subsequently acquired Trade Bank in 2006 which was under liquidation by the Central Bank of Nigeria (CBN).

UBA had another successful combined public offering and rights issue in 2007 and made further banking acquisitions of three liquidated banks namely: City Express Bank, Metropolitan bank, and African Express Bank. The bank also acquired Afrinvest UK, rebranding it UBA Capital, UK.

The quest to build a strong domestic and African brand intensified in 2008 when UBA made further acquisitions of two liquidated banks, Gulf Bank and Liberty Bank while at the same time intensifying its African footprint with the establishment of UBA Cameroon, UBA Cote d Ivoire, UBA Uganda, UBA Sierra Leone, and UBA Liberia as well as the acquisition of a 51% interest in Banque Internationale du Burkina Faso, which was the largest bank in the country with 40% market share. Currently, UBA has 18 African subsidiaries contributing about 20% of the Group’s balance sheet with a target of contributing 50%.

On 13 December 2012, the shareholders of UBA Plc unanimously voted for the bank to restructure into a Monoline Commercial Banking Model in order for it to fully comply with the new CBN guidelines for commercial banks in Nigeria, which repealed the erstwhile universal banking regime.

With the restructuring, the Group’s non-commercial banking subsidiaries with the exception of Africa Prudential Registrars Plc and Afriland Properties Plc were consolidated under UBA Capital Plc and spun-off to shareholders of the Bank. The Bank’s excess real estate assets were used to capitalise Afriland Properties Plc, which was then spun-off, along with Africa Prudential Registrars Plc, to be held directly by the Bank’s shareholders.

Along with UBA Plc, the result of the restructuring is three stand-alone entities held directly by the Bank’s shareholders – UBA Capital Plc and Africa Prudential Registrars Plc, which are already listed on the Nigerian Stock Exchange, as well as Afriland Properties Plc, now controlled by independent shareholders.

Under the Monoline business structure, UBA Plc remains the parent company for all of the Group’s commercial banking activities in Nigeria, Africa and the rest of the world. UBA Plc is also the parent company for UBA Pension Custodian Limited, UBA Capital (UK) and UBA FX Mart Limited.

Now fully positioned as a pan-African bank, the UBA Group is firmly in the forefront of driving the renaissance of the African economy and is well positioned as a one-stop financial services institution, with growing reputation as the face of banking on the continent.

Achievements

UBA has maintained a consistent and solid financial performance in its long history. We have a history of leading and pioneering innovations in the Nigerian financial sector. The following are some of our landmark achievements:

  • UBA was the first among international banks to be registered under Nigerian Law in 1961
  • UBA is the first Nigerian bank to offer an IPO following its listing on the Nigerian Stock Exchange in 1971
  • UBA is the only sub – Saharan African bank (ex-RSA) with an office in the US (New York)- set up in 1984
  • UBA was the first Nigerian Bank to introduce a Cheque Guarantee Scheme known as UBACARD in 1986
  • UBA is the 1st and only Nigerian Bank to obtain a banking license in the Cayman Islands -1988
  • UBA has a GDR programme – 1998 (1st for a Nigerian Bank as a means of facilitating international investor interest)
  • Best Domestic Bank in Nigeria (Euromoney 2000)
  • UBA is the 1st Nigerian Bank to obtain a banking license in Ghana -2004
  • UBA was the first ever successful merger in Nigerian banking history - 2005
  • UBA has received excellent credit ratings (short and long term); Global Credit Rating (SA) AA+ and A+ in 2005
  • UBA was the first to introduce the Nigerian Government Bond Index in 2006.
  • UBA is the first ever Nigerian Bank to surpass the N1 trillion balance sheet size (including contingents) - 2006
  • Ranked Number One Bank in Nigeria (Agusto & Co, 2007)
BOARD (3 females, 16 males)
16%

K... U...

Managing Director
Effective 1 year ago
UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Managing Director
Effective 1 year ago

Managing Director Designate
2016 - 2016

FMDQ OTC SECURITIES EXCHANGE
Nigeria - Financial Services
Non-Executive Director
Ongoing


UBA KENYA
Kenya - Finance | Banking
Non-Executive Director
Unknown - 2016
45 relationships

T... O...

Non-Executive Chairman
Effective 3 years ago
HEIRS INSURANCE BROKERS
Nigeria - Finance | Insurance
Chairman
Ongoing


HEIRS HOLDINGS
Nigeria - Holdings & Investments
Chairman
Appointed to the board 8 years ago


UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Non-Executive Chairman
Effective 3 years ago

Chief Executive Officer
1996 - 2010
Executive Director
2005 - 2010

Non-Executive Chairman
Effective 6 years ago


TRANSCORP POWER
Nigeria - Energy | Power & Electricity
Non-Executive Chairman
Ongoing


HEIRS INSURANCE
Nigeria - Finance | Insurance
Chairman
Ongoing


AFRICA FINANCE CORPORATION
AFC
Nigeria - Financial Services
Non-Executive Director
2007 - 2017 (Appointed to the board in 2007)

LINKAGE ASSURANCE
Nigeria - Finance | Insurance
Executive Director
1995 - Unknown
70 relationships

V... O...

Deputy Managing Director
Effective 1 year ago
UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Deputy Managing Director
Effective 1 year ago

Deputy Chief Executive Officer
2010 - 2012
Chief Finanacial Officer
2008 - 2010

AFRICA FINANCE CORPORATION
AFC
Nigeria - Financial Services
Non-Executive Director
Effective 1 year ago


TRANSCORP POWER
Nigeria - Energy | Power & Electricity
Director
Effective 3 years ago


HEIRS HOLDINGS
Nigeria - Holdings & Investments
Director
2014 - 2016
53 relationships

J... C...

Vice Chairman
Effective 7 years ago

Appointed to the board 8 years ago

O... A...

Chief Executive Officer, Anglophone Africa
Appointed to the board 2 years ago
UBA KENYA
Kenya - Finance | Banking
Non-Executive Director
Ongoing


UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Chief Executive Officer, Anglophone Africa
Appointed to the board 2 years ago

Deputy Chief Executive Officer, Africa, Wholesale Bank
2014 - Unknown
Chief Executive Officer, West Africa
2014 - Unknown

UBA GHANA
Ghana - Finance | Banking
Chief Executive Officer
2011 - Unknown
Executive Director
2016 - Unknown
40 relationships

E... I...

Chief Executive Officer, Francophone Africa
Effective 2 years ago

Appointed to the board 4 years ago
UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Chief Executive Officer, Francophone Africa
Effective 2 years ago

Appointed to the board 4 years ago

Deputy Chief Executive Officer, Africa
2014 - 2015
Chief Executive Officer, Central, East And Southern Africa
2014 - 2014

S... O...

Non-Executive Director
Ongoing

D... O...

Executive Director, Eastern Nigeria And Abuja
Ongoing

R... A...

Non-Executive Director
Ongoing
ABBEY MORTGAGE BANK
Nigeria - Finance | Banking
Chief Executive Officer
Effective 26 years ago


UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Non-Executive Director
Ongoing

Vice Chairman
2013 - Unknown
42 relationships

K... B...

Non-Executive Director
Ongoing
PZ CUSSONS NIGERIA
Nigeria - Retail | Consumer Goods
Non-Executive Chairman
Ongoing


UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Non-Executive Director
Ongoing


NIGERIAN BREWERIES
Nigeria - Beverages & Wines
Chairman
Effective 10 years ago

Appointed to the board 12 years ago


ASHAKACEM
Nigeria - Building Materials
Director
Unknown - 2015

HONEYWELL FLOUR MILLS
HFMP
Nigeria - Food & Catering
Director
2004 - 2011
55 relationships

Y... Z...

Non-Executive Director
Ongoing

F... K...

Non-Executive Director
Ongoing

A... O...

Non-Executive Director
Ongoing

J... A...

Non-Executive Director
Ongoing

O... D...

Non-Executive Director
Ongoing
UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Non-Executive Director
Ongoing


HEIRS INSURANCE
Nigeria - Finance | Insurance
Director
Ongoing

37 relationships

L... A...

Executive Director
Ongoing

I... P...

Executive Director
Ongoing

U... I...

Executive Director
Ongoing

C... N...

Executive Director
Ongoing
MANAGEMENT

U... N...

Chief Finance Officer
Effective 6 years ago

B... O...

Company Secretary
Effective 8 years ago

E... O...

Head, Wholesale Banking Africa And Global Account Management
Effective 3 years ago
UBA KENYA
Kenya - Finance | Banking
Non-Executive Director
Ongoing


UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Head, Wholesale Banking Africa And Global Account Management
Effective 3 years ago

40 relationships

J... A...

Chief Executive Officer, Uba Uganda
Effective 10 months ago

F... E...

Director, Wholesale Banking, Francophone And Lusophone Africa
Effective 2 years ago
UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Director, Wholesale Banking, Francophone And Lusophone Africa
Effective 2 years ago


UBA COTE D'IVOIRE
Ivory Coast - Finance | Banking
Managing Director
Effective 6 years ago

28 relationships

M... A...

Chief Executive Officer, West Africa
Effective 4 months ago
UBA GHANA
Ghana - Finance | Banking
Acting Managing Director
Effective 4 months ago

Managing Director
2014 - 2018

UNITED BANK FOR AFRICA
UBA
Nigeria - Finance | Banking
Chief Executive Officer, West Africa
Effective 4 months ago

40 relationships

M... C...

Chief Executive Officer, Cemac
Effective 4 months ago

Left the company less than a year ago

R... A...

Chief Technology Officer
Left 10 months ago



UBA GHANA
Accra, Ghana
Finance | Banking

UBA CAMEROON
Douala, Cameroon
Finance | Banking

UBA COTE D'IVOIRE
Abidjan, Ivory Coast
Finance | Banking

UBA KENYA
Nairobi, Kenya
Finance | Banking

UNITED CAPITAL
Lagos, Nigeria
Holdings & Investments

UNITED CAPITAL INVESTMENT BANKING
Lagos, Nigeria
Financial Services

UNITED CAPITAL ASSET MANAGEMENT
Lagos, Nigeria
Financial Services

UNITED CAPITAL SECURITIES
Lagos, Nigeria
Financial Services

UNITED CAPITAL TRUSTEES
Lagos, Nigeria
Financial Services

UBA PENSIONS CUSTODIAN
Lagos, Nigeria
Financial Services
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