UBA Group, 12 subsidiaries dominate 2021 Banker Awards

UNITED Bank for Africa (UBA) Plc has reaffirmed its leadership position across Africa as it wins the African Bank of the year 2021 organised by the Banker Magazine, a leading global finance news publication published by the Financial Times of London. 

UBA’s solid financial performance, excellent service delivery to customers and continuous role of facilitating rapid economic growth across the African continent were some of the reasons were instrumental to the bank being named as the best bank in 12 of its African subsidiaries and in 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 came out top as the best banks in their respective countries. 

This was not the first for UBA, as in 2020, six of its subsidiaries (Benin, Cote D’Ivoire, Chad, Liberia, Sierra Leone and Zambia won the Best Bank award. 

This year, the UBA Group is breaking a record with its exceptional wins as African Bank of the Year and Bank of the year in 13 countries. 

The 14 awards made it the first time ever in the history of the almost 100 years of The Banker, that any banking group will be clinching as many as 14 awards in a single year. 

At the virtual award ceremony which was held recently, the Middle East and Africa Editor for The Banker, John Everington, explained at the event that a rigorous and highly analytical process is made annually to reach the decision for each Bank of the Year award and the institution’s reputation for independence, authority and integrity is thoroughly applied to each submission. 

“While several African banks impressed the judges this year, there was no doubt as to the worthiest recipient of the Bank of the Year for Africa – UBA Group – a clear winner across a wide range of criteria. 

“UBA has performed impressively across its footprint with a strong financial performance across most of its markets,” Everington said. 

UBA’s Group Managing Director/Chief Executive Officer, Kennedy Uzoka, who expressed delight over the recognition from The Banker, stated “Like I always say, at UBA, we must be doing something right. Winning 14 awards in 13 subsidiaries and the Bank of the Year on the African continent is a big achievement.’ 

“The recognitions come as a reassurance that we are on track in consolidating our leadership position in Africa, as we continue to create superior value for all our stakeholders. 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’ 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.”

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