UBA on track to consolidate leadership position in Africa—Alawuba

Group Managing Director of UBA, Oliver Alawuba, says the pan African Bank is on track in its goal of consolidating its leadership position in Africa and that it continues to create superior value for its stakeholders.

Alawuba stated this while receiving  the 2023 FMDQ Gold Awards in three key categories of Money Market Liquidity Provider; FX Market Liquidity Provider , and Dealing Member of the Year on behalf of the bank.

UBA emerged Global Finance’s Best SME Bank for 2023 in Nigeria, Ghana, and Mozambique, awards that spotlight the bank’s continuous resolve towards supporting small and medium-scale businesses which is the life of any growing economy.

The bank was also named as Global Finance’s Safest Bank in Senegal 2023.

“UBA is honoured to be named the Bank of the Year in these eight countries and to receive the overall Award for Africa. 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.

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Speaking about UBA’s consistent excellence in the financial services sector across the continent which has earned the bank great accolades overtime, the Editor of the Banker, Joy Macknight, said that as always, UBA remains a clear winner across a wide range of criteria, having performed impressively across its footprint with a strong financial performance across most of its markets.

“In a year of strong competition among the continent’s major banking groups, UBA has gained the edge over its rivals to win the Bank of the Year award for Africa for the third time in five years. Congratulations. The award recognizes the bank’s strength across Africa, including many of its most competitive markets,” Macknight stated.

Responding to the FMDQ Group Awards, the Group Chairman, Mr. Tony O. Elumelu (CFR) said “This recognition is a testament to UBA’s impressive capital strength and capacity to provide liquidity to African financial markets even in the face of harsh economic realities, our market knowledge, dedication to customer services and the trust of our clients.”

Continuing on the global scene, UBA Ghana clinched the World Business Outlook Awards for 2023 as the Best Banking Services Provider Ghana 2023; Leading Financial Services Institutions Ghana 2023, and the Banking CEO of the Year Ghana 2023 which was won by Mr. Chris Ofikulu, the then CEO of UBA Ghana.

Earlier, the bank was highly celebrated as it clinched nine prestigious awards including the highly coveted Bank of the Year Africa 2023 at The Bankers Awards 2023, organized by The Banker Magazine – a publication of Financial Times of London, the world’s leading business newspaper.

UBA’s subsidiaries in eight countries including Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Republic of Congo, Sierra Leone, and Tanzania, underscoring the bank’s dominance and impact across diverse African markets.

Only recently, UBA joined companies with N1trillion capitalization having seen its shares grow by over 260 per cent since the beginning of 2023.