As UBA marks its 75th anniversary, the pan-African bank reflects on its remarkable journey and looks forward to becoming a role model for African businesses.
Gatekeepers News reports that from its humble beginnings as British & French Bank (BFB) in 1949 to its current status as a global financial institution, UBA has undergone significant transformations and expansions across Africa and beyond.
Group Managing Director, Oliver Alawuba, emphasized that UBA’s 75th anniversary is “not just a celebration of longevity, but a testament to resilience, innovation, and unwavering commitment to excellence that have defined UBA’s journey over the decades.”
He highlighted the bank’s evolution from a modest beginning in Lagos Island to a global financial institution with a presence in 20 African countries and four global financial nerve centers.
Alawuba noted UBA’s impressive milestones, including:
– 25,000 staff
– 35 million customers served through multiple channels
– 10 “firsts” in the Nigerian banking industry, such as;
Despite global economic challenges, UBA has demonstrated remarkable financial strength and resilience, as evident in its 2023 financial year report. Alawuba attributed this success to the bank’s robust fundamentals and sound strategic decisions.
Looking ahead, UBA aims to be the role model for African businesses, unifying Africa while connecting Africans to the world and the world to Africa. The bank is committed to expanding its presence, seizing growth opportunities, and delivering value to all stakeholders.
In his welcome address, Deputy Managing Director Muyiwa Akinyemi emphasized UBA’s commitment to delivering exceptional value to shareholders and enhancing customer experience.
