UBA Group Shines At 2021 Banker Awards, Wins Best Bank In Nigeria, 12 Countries

The United Bank for Africa Plc reaffirmed its leadership position across the Africa continent, clinching the African Bank of the year 2021 award by The Banker Magazine, a leading global finance news publication published by the Financial Times of London.

UBA’s solid financial performance, its excellent service delivery to customers, and its continuous role in facilitating rapid economic growth across the African continent were some of the reasons for exceptional wins as African Bank of the Year and Bank of the year in 13 countries, including its home country- Nigeria.   

The other subsidiaries: 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, were named the best banks in their respective countries.

According to a statement by the group, this will not be a first for UBA, as six of its subsidiaries in Benin, Cote D’Ivoire, Chad, Liberia, Sierra Leone, and Zambia were winners of the Best Bank award in 2020.

The total of 14 awards makes 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 wins in a single year.

At the Virtual award ceremony held on December 1, 2021, the Middle East and Africa Editor for The Banker, John Everington, explained 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 are 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.

Reacting, UBA’s Group Managing Director/Chief Executive Officer, Kennedy Uzoka, expressed delight at the recognition, noting that the huge haul of awards is testimony that “at UBA, we must be doing something right. Winning 14 total awards in13 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 millions of customers across the globe and many thousands of staff to thank for this. They are the very reason why we keep winning.”

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. The 2021 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.

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