UBA dominate the show, wins Banker Awards, African Bank of Year 2023

A leading pan-African financial institution, United Bank for Africa {UBA}, stole the show in the just concluded Bankers Awards 2023 ceremony by winning nine prestigious awards.

By this domination, UBA has solidified its position as the leading financial institution on the continent.

The awards were presented to the bank at a ceremony in London, United Kingdom, on Thursday, 30 November 23. 

UBA was named the Bank of the Year Africa 2023, and its subsidiaries also emerged as the Bank of the Year in eight of the 20 countries where it operates in Africa.

This is the second time in the past three years that UBA has won the regional award as the Best Bank in Africa.

UBA’s Group Managing Director, Oliver Alawuba, expressed his gratitude and excitement about the awards, and said the recognitions come as a reassurance that the bank is on track in its goal of consolidating its leadership position in Africa, and creating 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,” he said

“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.

“We have our millions of customers across the globe and our many thousands of staff to thank for this. They are the very reason why we keep winning and receiving these accolades.”

The Banker Awards is widely recognized as a benchmark for banking excellence globally, and UBA’s multiple victories underscore the institution’s commitment to providing exceptional financial services and superior financial intermediation on the continent.

As Africa’s Bank of the Year, UBA has demonstrated its ability to navigate the complexities of the African banking landscape and emerge as a leading force in driving economic growth and financial inclusion.

The award recognizes UBA’s strength across Africa, including many of its most competitive markets.

Since 1926, the Bank of the Year awards has been celebrating the best of global banking and is regarded as the industry standard for banking excellence.

UBA has consistently maintained its position as Nigeria’s leading financial institution, despite the headwinds.

In June, the banking group announced impressive half-year financial results, and further increased the performance in Quarter 3, 2023, with profit before tax (PBT) soared to N502.01 billion, Shareholders’ Funds standing strong at N1.778 trillion, and total assets, reaching N16.24 trillion.

These outstanding figures not only reflect UBA’s institutional strength, but also demonstrate its position as a corporate role model in Nigeria and across Africa.