UBA Company Profile – About, Employees, Net Worth, Founders, And All You Need To Know
Introduction
UBA stands for United Bank for Africa. It is a Nigerian financial institution that has catered to the financial needs of Nigerians since its inception. Here is all you need to know about the UBA company profile.
To understand the UBA company profile, you have to start from scratch. The United Bank for Africa was established in the year 1949. It was first called the British and French Bank Limited (BFB). On the 23rd of February 1969 however, United Bank for Africa became integrated as a limited liability company under the Compliance Ordinance (Cap 37) 1922.
They eventually took over the assets and liabilities of the British and French Bank. United Bank for Africa merged later with Standard Trust Bank (STB) Plc. Standard Trust Bank was a Nigerian institution that had a subsidiary in Ghana. They eventually merged bank maintained the name United Bank for Africa.
Their product and services include Internet banking, Mobile Banking, Wholesale Banking, Corporate Banking, Investment Banking, Consumer Banking, Collections, Treasury, Trade Finance, Savings Accounts, Current Accounts, Domiciliary Accounts, Non-Resident African Banking, Money Transfer, Debit Cards and a host of others.
United Bank for Africa has several subsidiaries in several countries in Africa and beyond. Some of their subsidiaries
United States as UBA New York Inc. They have shares of one hundred.
United Kingdom as UBA United Kingdom Limited. They have shares of one hundred.
France as UBA France S.A. They have shares amounting to hundreds.
Nigeria as UBA Nigeria Limited. UBA Nigeria has shares amounting to one hundred.
Benin Republic as UBA Benin. They have shares of eighty eighty-four Faso as UBA Burkina Faso. They own sixty-four shares.
Cameroon as UBA Cameroon S.A. They own one hundred shares.
Chad as UBA Chad S.A. They own eighty-nine shares.
The Republic of the Congo as UBA Congo Brazzaville. They own one hundred shares.
The Democratic Republic of the Congo as UBA Congo DRC. They own one hundred shares.
Ivory Coast as UBA Côte d’Ivoire. They own one hundred shares.
Gabon as UBA Gabon S.A. They own one hundred shares.
Ghana as UBA Ghana Limited. They own ninety-one shares.
The Republic of Guinea as UBA Guinea Conakry S.A. They own one hundred shares.
Kenya as UBA Kenya Limited. They own eighty-one shares.
Liberia as UBA Liberia Limited. They own one hundred shares.
Mali as UBA Mali. They own one hundred shares.
Mozambique as UBA Mozambique. They own ninety-six shares.
Senegal as UBA Senegal S.A. They own eighty-six shares.
Sierra Leone as UBA Sierra Leone Limited. They have a hundred shares.
Tanzania as UBA Tanzania. They are owners of eighty-two shares.
Uganda as UBA Uganda Limited. They are the owners of sixty-nine shares.
Zambia as UBA Zambia Limited. UBA Zambia owns one hundred shares.
Executives
The following individuals are executives of the United Bank for Africa Group.
Uche Ike – Executive Director & Head-Compliance & Risk
Oliver Alawuba – Executive Director & CEO-Africa Region
Foluke Kafayat Abdul-Razaq – Non-Executive Director
Joseph Chiedu Keshi – Vice Chairman
Dan Okeke – Executive Director
Ayoku Liadi – Executive Director
Ibrahim Puri – Executive Director
Erelu Angela Adebayo – Non-Executive Director
Isaac Olukayode Fasola – Non-Executive Director
Angela Aneke – Non-Executive Director
Abdulqadir Jeli Bello – Non-Executive Director
Emmanuel Onokpasa – Group Treasurer
Gboyega Sadiq – Group Chief Internal Auditor
Patricia Aderibigbe – Head-Group Human Resources
Bili Andrew Odum – Group Secretary
Samuel Adikamkwu – Group General Counsel
Owanari Bobmanuel Duke – Independent Non-Executive Director
Samuel Oni – Independent Non-Executive Director.
Employees
United Bank for Africa has over thirteen thousand three hundred and fifty-five (13,355) staff under its employ. About 9,787 members of staff were Nigerians.
Sales and Marketing Manager earns between #135,000 to #150,000 monthly.
Relationship Manager/Officer earns from #245,000 to #300,000.
Generally, the average salary for bankers is #101,000.
The average salary for accountants is #77,000
The average salary for account officers is #181,000.
Net worth
In December 2019, the group’s financial assets were valued at NGN:5,604 trillion (US$14.6 billion). They have a shareholders’ equity of NGN:597.97 billion (US$1.56 billion). As of 2019, their revenue after tax was ₦89.09 billion (US$232 million).
Conclusion
United Bank for Africa is rated one of the best ten banks in Nigeria. In the year 1970, United Bank for Africa listed its shares on the Nigerian Stock Exchange in an IPO. This made them the first bank in Nigeria to make an initial public offering. They have served their customers in Nigeria faithfully and have gone on to serve their subsidiaries in over twenty countries in Africa and Europe.
Out of over thirteen thousand staff they have, about nine thousand of them are Nigerians.
United Bank for Africa has been making strides to serve their customers better. Recently, UBA Ghana introduced banking on WhatsApp and Facebook platforms. They are the first bank to offer this kind of service. During the launch, the Managing Director and Chief Executive Officer of UBA Ghana, Mr. Isong Udom said “the world is changing and particularly as a result of Covid-19 and our bank is adapting to every possibility technology presents”.
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