United bank for Africa UBA’s history dates back to 1948 when the British and French Bank Limited (“BFB”) commenced business in Nigeria and the erstwhile STB and CTB both in 1990. Following Nigeria’s independence from Britain, UBA was incorporated in 1961 to take over the business of BFB.
Although today’s UBA emerged at a time of industry consolidation induced by regulation, the consolidated UBA was borne out of a desire to lead the domestic sector to a new era of global relevance by championing the creation of the Nigerian consumer finance market, leading a private/public sector partnership at supporting the acceleration of Nigeria’s economic development, and growing the institution from a banking to a one-stop financial services institution, while spreading its footprints across Africa to earn the reputation as the face of banking in the continent.
Today, United Bank for Africa Plc is one of Africa’s leading financial institutions offering universal banking to more than 7 million customers across 750 branches in 19 African countries. With presence in New York, London and Paris and assets in excess of $19bn, UBA is your partner for banking services for Africans and African related businesses globally.
United Bank for Africa Plc, together with its subsidiaries, provides various banking and financial services. It offers deposit products, such as demand, savings, and time deposit products; retail banking products, including mortgages, retail credit, and cards; and commercial banking products for real estate and construction, manufacturing, telecoms, exports, agriculture, fast moving consumer goods, and energy banking sectors. The company also provides corporate and international banking, trade services, cash management, treasury and capital market services, and electronic banking products, as well as bancassurance, and wealth management products and services. In addition, United Bank for Africa offers trust services, pension management and administration, insurance, asset management services, stock broking, issuing house, underwriting, security registration, bureau de change, microfinance, and custodial services. As of September 30, 2008, it had 613 branches and retail outlets; 1,256 automated teller machines; and 3,296 point of sale machines in Nigeria, as well as 55 branches and 76 automated teller machines internationally. United Bank for Africa also has operations in Burkina Faso, Cameroun, Cote d’Ivoire, Ghana, Liberia, Sierra Leone, and Uganda, as well as the United Kingdom and the United States.
United Bank For Africa Plc. (UBA)
Address: Head Office: 57, Marina, Lagos
Phone: +234 1 2644651-700, 4701416, 2642284; Fax: +234 1 2642287
Website: http://www.ubagroup.com/
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Tags: banking, banking and financial services, financial institutions, retail banking, United bank for africa
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