The World Bank of Africa, United Bank for Africa (UBA) ((www.UBAgroup.com) Plc, once again reaffirms its leadership position in Africa, as the bank has been recognized worldwide as the African Bank of the Year 2021 by Banker Magazine, a world leading financial news publication published by the Financial Times of London.
UBA’s strong financial performance, excellent customer service delivery, and continued role in facilitating rapid economic growth across the African continent were among the reasons that led the bank to be named best bank in 12 of its subsidiaries. Africans and Nigeria. UBA Nigeria Plc, UBA Benin UBA Burkina Faso UBA Cameroon, UBA Chad, UBA Congo Brazzaville, UBA Cote D’Ivoire, UBA Gabon, UBA Guinea, UBA Liberia, UBA Senegal, UBA Sierra Leone and UBA Zambia all were ranked as the best banks in their respective countries.
This will not be the first time for UBA. In 2020, six of its subsidiaries in Benin, Ivory Coast, Chad, Liberia, Sierra Leone and Zambia were winners of the Best Bank award. This year, the UBA Group is breaking a record with its exceptional victories as African Bank of the Year and Bank of the Year in 13 countries. The total of 14 awards makes it the first time in The banker’s nearly 100-year history that any banking group will score up to 14 wins in a single year.
At the virtual awards ceremony that took place on December 1, 2021, The Banker’s Middle East and Africa editor, John Everington, explained at the event that a rigorous and highly analytical process is carried out annually to reach the decision of each Bank of the Year. award and the institution’s reputation for independence, authority and integrity is painstakingly applied to every presentation.
“While several African banks impressed the judges this year, there was no question about the most worthy recipient of the Bank of the Year for Africa, the UBA Group, a clear winner across a wide range of criteria. UBA has been impressive across its footprint with strong financial performance in most of its markets, ”Everington said.
UBA Group CEO / CEO Kennedy Uzoka, who expressed his joy at The Banker’s recognition, said: “As I always say, at UBA, we must be doing something right. Winning 14 awards in total in 13 subsidiaries and Bank of the Year on the African continent is a great achievement. ‘
Continuing, Uzoka said: “The accolades are a guarantee that we are on track to consolidate our leadership position in Africa, while continuing to create superior value for all of our shareholders. We have millions of customers around the world and thousands of employees to thank for this. They are the real reason we keep winning. “
Since 1926, the Bank of the Year Awards celebrate the best of global banking and are considered the industry standard for banking excellence. The 2021 edition highlights those institutions that have outshined their peers in terms of performance, strategic initiatives, and response to the Covid-19 pandemic.
The Banker Magazine is a publication of the Financial Times, one of the world’s leading financial news publications that has existed since 1888. Banker Magazine is the definitive reference in international banking for senior decision makers.
United Bank for Africa Plc is a leading pan-African financial institution providing banking services to more than 25 million customers, at more than 1,000 business offices and customer touchpoints in 20 African countries.
With a presence in the United States of America, the United Kingdom, and France, UBA is connecting people and businesses in Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; commercial financing and ancillary banking services.
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