China bank, UBA seal $100m deal for African SMEs
United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution, yesterday signed a $100 million seven-year loan agreement to finance the development of Small and Medium Enterprises (SMEs) in Africa. The facility will enhance UBA’s capacity to provide access to finance to small businesses…
Zenith, UBA, Fidelity, others to pay dividend in 2018, say analysts
South Africa-based international research firm, SBG Securities (Pty) Limited, has said about nine commercial banks would be able to pay dividends this year, despite the new policy adjustment issued by the Central Bank of Nigeria (CBN).
‘Nigerian banks, others not successful in offshore operations’
Majority of Nigerian banks and those of the other countries in the Sub-Saharan Africa have not had a “smooth ride” in their banking operations outside their home market. This was the outcome of the research by a team of experts at Renaissance Africa- Olamipo Ogunsanya; Yvonne Mhango; Phago Rakale; and Ilan Stermer, which described such…
UBA’s Leo and digital banking for financial inclusion in Nigeria
The ease of conducting financial transactions is the biggest motivator for any digital innovation- drastic reduction in cash transactions and avoidance very long queue at the over-the-counter and Automated Teller Machine points. The case for digital banking is even clearer now, as an outdoor market in the neighbourhood can be patronised easily with just…
Fitch affirms UBA’s positive outlook, credit worthiness
Fitch, one of the foremost global credit rating agencies has affirmed the Long Term Issuer Default rating of UBA at “B”, with a stable outlook.According to Fitch, the rating of UBA Plc is driven by the standalone creditworthiness of the Bank...
Court adjourns agreement breach case for judgment
A Lagos High Court in Badagry, has adjourned the case between a Lagos landlord, Alhaji Lasisi Ayomunoye and the United Bank of Africa (UBA), to January 17, 2018 for judgment.
UBA introduces video live chat with co-browsing technology
In recent times, customer behaviour and expectations are ever-evolving and with this challenge, comes the need to meet their needs as well as ensure, new offerings are at the forefront of technological evolution.
UBA posts 26% rise in third quarter profit
The Group’s operating income stood at N236.9 billion, compared to N183.3 billion recorded in the corresponding period of 2016, representing 29.3 percent growth with profit before tax (PBT) of N78.3 billion, higher than N58.8 billion recorded in the similar period of 2016.
Why we invested in Tchad - UBA
The United Bank for Africa (UBA) Plc has stated that its decision to invest in the Republic of Tchad has contributed to the growth of the economy through financing infrastructure, which has served as a critical lever in sustainable development.
UBA grows profit by 66 per cent in half-year 2017
United Bank for Africa (UBA) Plc has announced its audited half-year financial results ended June 30, 2017, showing remarkable performance across major metrics.