United Bank for Africa (UBA) Plc, is a Nigerian multinational financial institution. It is one of Africa's best and most resilient banking Groups with operations in 19 African countries and offices in three global financial centers: London, Paris and New York.
Overview
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United Bank for Africa (UBA) Plc is one of Africa’s largest financial institutions with operations in 19 African countries and 3 global financial centers; New York, London and Paris. UBA has more than eight million customers and 700 business offices globally.
History
UBA has been operating in Africa since 1949, referred to then as the British and French Bank Limited (BFB). It took over the assets and liabilities of BFB and was incorporated as a limited liability company on 23 February 1961 under the Compliance Ordinance (Cap 37) 1922.
In 2005, it completed one of the biggest mergers in the history of Nigeria’s capital markets with the business combination with Standard Trust Bank (STB) Plc. From then, it continued to expand to Ghana, Benin Republic, Côte d'Ivoire, Burkina Faso, Guinea, Chad, Cameroon, Kenya, Gabon, Tanzania, Zambia, Uganda, Liberia, Sierra-Leone, Mozambique, Senegal, Congo DR and Congo Brazzaville. UBA is listed on the Nigerian Stock Exchange, where it is publicly traded under the symbol "UBA".
In 2006, the bank interconnected its 428 African branches making it the largest online real time branch network in Africa. Africans are able to withdraw or deposit money in any of these branches regardless of where their accounts are domiciled.
Offshore subsidiaries
- United States
- UBA New York â€" Regulated by the Office of the Controller of the Currency, is a member of the United States Federal Reserve System. Its balance sheet size is in excess of US$1.3 billion.
- United Kingdom
- UBA United Kingdom
- UBA Capital Europe â€" Established as UK regulated investment banking operation in January 2008.
- France
- UBA France
- Africa
- UBA Benin House 23 Avenue Steimetz, Cotonou Benin Republic
- UBA Burkina Faso
- UBA Cameroon S.A. â€" Cameroon represents UBA's first operational base in Central Africa, commencing operations in December 2007.
- UBA Chad
- UBA Congo Brazzaville â€" Started Operations In January 2011.
- UBA Congo Kinshasa (DRC)
- UBA Côte d'Ivoire â€" UBA CDI effectively commenced business in June 2008.
- UBA Gabon
- UBA Ghana Limited â€" commenced operations in 2004 and now operates from 16 branches.
- UBA Guinea
- UBA Kenya
- UBA Liberia â€" It began operations in July 2008.
- UBA Mali
- UBA Mozambique
- UBA Senegal
- UBA Sierra Leone â€" Commenced active operations in July 2008 in Sierra Leone.
- UBA Tanzania
- UBA Uganda Limited â€" Represents UBA's pioneer country activities in the Eastern and Southern African sub-regions. It commenced operations in May 2008.
- UBA Zambia
Landmarks
- UBA Firsts
- 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 1970.
- UBA is the first Nigerian Bank to introduce a Cheque Guarantee Scheme â€" the first cheque guarantee card in the history of innovative banking services by any Bank in Nigeria, known as UBACARD in 1986.
- UBA is the first and only Nigerian Bank to obtain a banking license in the Cayman Islands âˆ'1988.
- First ever and only Nigeria bank to hit the NGN1 trillion balance sheet size (including contingents).
- UBA is the first Nigerian bank to embark on a GDR programme in 1990.
- UBA is the First bank in Nigeria to institute a foundation â€" UBA Foundation; the Corporate Social Responsibility arm of the UBA Group.
- UBA Introduced First Visa Dual Currency Debit Card in Nigeria.
- UBA and MoneyGram open first dedicated MoneyGram location in Nigeria.
- Successful underwriting of the first 100 percent local funding of an ExxonMobil/NNPC Joint Venture Project.
- UBA launches Nigeria's First Cash Deposit ATMs
References
External links
- BSL-Finance United Bank for Africa Profile
- BSL-Finance United Bank for Africa Summary
- Google Finance listing for United Bank of Africa
- UBA Expects Protitability Across the Board In 2012
- Shareholders Approve Restructuring Plans