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The United Bank for Africa (UBA) Plc has continued to elevate its global standing by bagging several prestigious international awards, signaling the bank’s continuous contributions to the economic development of Africa.
The recognition of the bank’s outstanding performance reaffirms its status as a leading player in the financial industry with critical financial intermediation, project financing, trade facilitation and advisory in Africa and beyond.
UBA emerged Global Finance’s Best SME Bank for 2023 in Nigeria, Ghana, and Mozambique. The awards highlight the bank’s continuous resolve towards supporting small and medium scale businesses, which is the life of any growing economy.
The bank, with presence in 20 African countries, also won the 2023 FMDQ Gold Awards in three key categories of Money Market Liquidity Provider; FX Market Liquidity Provider and Dealing Member of the Year. In addition, UBA was named 2023 Global Finance’s Safest Bank in Senegal.
Reacting to the FMDQ Awards, the Group Chairman, Mr. Tony Elumelu (CFR), 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 economic realities, our 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 in Ghana; Leading Financial Services Institutions Ghana 2023 and the Banking CEO of the Year Ghana 2023 which was won by Mr. Chris Ofikulu, the then CEO of UBA Ghana.
The bank had earlier been celebrated as it clinched nine prestigious awards including the highly coveted Bank of the Year Africa 2023 at The Bankers Awards, organised by 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 Tanzania also won awards in different categories, underscoring the bank’s dominance and impact across diverse African markets.
The Group Managing Director of UBA, Oliver Alawuba, who received the awards on behalf of the bank, expressed his gratitude and excitement, saying the recognitions were a reassurance that the bank is on track in its goal at consolidating its leadership position in Africa, as it continues to create superior value for its stakeholders.
“UBA is honoured to be named the Bank of the Year in these eight countries and to receive the overall Award for Africa. This accomplishment is a testament to the hard work, dedication, and innovative spirit of the entire UBA team. We remain committed to delivering top-notch banking services that positively impact the lives of 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 Magazine, Joy Macknight, said that as always, UBA remains a clear winner across a wide range of criteria, having performed impressively across its footprint with a strong financial performance across most of its markets.
“In a year of strong competition among the continent’s major banking groups, UBA has gained the edge on its rivals to win the Bank of the Year award for Africa 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.
UBA recently joined companies with N1 trillion capitalization, having seen its shares grew by over 260% since the beginning of 2023. UBA’s N1 trillion market capitalization mark comes amidst the bank’s share being named as the highest performing stock in the banking sector in 2023, which underscores the its robust growth trajectory and unwavering market confidence