United Bank for Africa Ferried dual Envied Honors at the BusinessDay’s Bank and other Financial Institutions Awards

By Abdul Rahman Bangura–

Photo Credit: Ubagroup

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Pan-African financial institution, United Bank for Africa (UBA) Plc, hauled two highly wanted honors at the Business Day’s Bank and other Financial Institutions Awards (BAFI) achieving the Bank of the Year and the International Bank of the Year at the stunning scene carried over the weekend.

The bank strike other strong challengers – Zenith Bank, Guaranty Trust Bank, Access Bank and First Bank – to grasp the two top categories in a well-attended exhibition comprising of Bank CEO’s, Captains of Industries and Senior financial executives. UBA won the ‘Bank of the Year’ in honor of UBA’s constant undertaking in transcending
its counterparts using a composite of financial metrics, strategic foresight, execution discipline, world-class governance and global vision. The Bank also won the award for ‘International Bank of the Year’, a keenly contested category, that casts off Nigerian financial institutions that have enhanced on the landmass against their international
peers operating across Africa.

UBA’s Deputy Managing Director – Liadi Ayoku, who earned the awards on behalf of the bank, communicated his pleasure on the tribute from Business Day.

He said, “These awards mark another milestone for UBA Group and is a testament of the diligent execution of the bank’s strategic initiatives on customer service. Being recognized as Nigeria’s best bank complements positive feedback from customers and is a recognition of our improving efficiencies, service quality and innovation. I therefore dedicate it to our growing loyal corporate and retail customers, who are our essence. Given our heritage commitment to Africa’s development, we continue to impact lives through our service as well as funding to individuals, businesses and government,” he remarked.

Ayoku brought up that the bank stays concentrated on its goal of democratizing banking in Africa, leveraging on new technologies and underscored its readiness to rewrite the history of financial services in Africa. Publisher of BusinessDay Newspapers, organizers of the event, Frank Aigbogun, noted that UBA has excelled in the key areas of prioritizing customers, which according earned the bank the double honors. While explaining the rationale behind UBA winning the two prestigious categories in its December issue, Aigbogun noted that the bank stood out in premium to its customers as has been obvious in the substantial growth in Customer Deposits which swooped by
35.7% to N5.2trillion up from N3.8 trillion at the end of the last financial year.

He remarked that even though Africa’s economic landscape has been uncertain in contemporary times which arose in depression in Nigeria and some of Africa’s best performing economies, the bank still found its cadence and out did.

He said, “In these conditions only the most diversified and innovative of regional banks can prosper. And this is precisely why UBA has scooped the BAFI 2020, Best Bank of the year and International Bank of the year, a testament to hard work, resilience. For one, the lender registered impressive top- and bottom-line growth over the review period.”

The United Bank for Africa Plc is a prominent Pan-African financial institution, offering banking services to more than twenty-one million customers, across over 1,000 business offices and customer touch points, in twenty African countries. With existence in the United States of America, the United Kingdom and France, UBA is relating people
and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services.

For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent