United Bank for Africa (UBA) Plc has won the Bank of the Year and the International Bank of the Year awards at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) which were held last weekend.
The bank emerged ahead of Zenith Bank, Guaranty Trust Bank, Access Bank and First Bank – to clinch the two top categories.
UBA won the ‘Bank of the Year’ in recognition of UBA’s consistent effort in outperforming its peers using a composite of financial metrics, strategic foresight, execution discipline, world-class governance and global vision.
The bank also won the award for ‘International Bank of the Year’, a keenly contested category, that pitches Nigerian financial institutions that have expanded on the continent against their international peers operating across Africa.
UBA’s Deputy Managing Director, Mr. Liadi Ayoku, who received the awards on behalf of the bank expressed his delight on the recognition from BusinessDay.
“I, therefore, dedicate it to our growing loyal corporate and retail customers, who are our essence. Given our heritage commitment to Africa’s development, we continue to impact lives through our service as well as funding to individuals, businesses and government.”
Publisher of BusinessDay Newspapers, organisers of the event, Frank Aigbogun, noted that the bank stood out in prioritising customers as has been evident in the significant rise in customer deposits, which leaped by 35.7 % to N5.2 trillion up from N3.8trn at the end of the last financial year.
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