Perhaps, in obvious recognition of its role in facilitating economic development across Africa, six subsidiaries of the United Bank for Africa Plc were named ‘Bank of the Year 2020’ by The Banker Magazine, a news publication of the Financial Times of London.
The group’s investment in digital technology, adherence to world-class customer services offerings and financing critical projects, according to a statement on Wednesday, resulted in the emergence of UBA Benin, UBA Cote D’Ivoire, UBA Chad, UBA Liberia, UBA Sierra Leone and UBA Zambia, as best bank in their respective countries.
It is the second time in the history of the awards that any banking group will be clinching as many as six wins in the same year.
John Everington, Middle East and Africa Editor for The Banker, explained that winners emerged through a rigorous and highly analytical process, just as the institution’s reputation for independence, authority and integrity is applied to each submission.
“More banks apply for the Bank of the Year Awards than any other similar process and our access to data on each bank and our focus on transformation, inclusion and diversity in the industry is well known. Winning Bank of the Year, this year more than any other, is an opportunity for your Bank to position itself as playing a key role in what the future holds and building towards a recovery in economies in 120 countries worldwide,” Everington said.
CEO, UBA Africa, Africa, Oliver Alawuba, expressed delight at the recognition, assuring that “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.
“Following the multiple awards won by UBA Group and five of our subsidiaries in 2019, this year’s award is another testament of our hard work and increasing effort by the UBA Group to impact the African continent, positively.
“This award comes at a very auspicious time due to the Covid-19 global pandemic but the UBA Group has been able to stand strong and resilient in its mandate of delivering excellent financial services to over 21 million customers, across 23 countries of operations.
Alawuba, while dedicating the awards to the over 20,000 staff of the bank, expressed belief they “will spur us on in our renewed commitment to exceed customers’ expectation, always.
Since1926, the Bank of the Year awards has been celebrating the best of global banking and is regarded as the industry standard for banking excellence and the 2020 edition highlights those institutions that have outshone 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 – a leading global finance news publication that has been in existence since 1888. The Banker magazine is the definitive reference in international banking for high-level decision-makers.
