Barely a month after launch in Mali, UBA officially opens in UK

United Bank for Africa Plc (UBA), has officially launched in the United Kingdom (UK). The launching came a few weeks after the Pan-African bank extended its footprints to Mali.

The launching was held in grand-style, as industry stakeholders graced the event. Among the stakeholders are -African richest man, Aliko Dangote, Dr Okey Oramah, Albert Massland, and a host of others.

Nigeria’s pop star, Oladapo Oyebanjo popularly known as Dbanj also touched down London to serenade the guests present at the launching. More so, Wizkid who was the headliner for the bank’s launching in Mali graced the event.

In a post on Instagram, UBA stated that having had a growing footprint of 20 countries in Africa and globally in the United States of America (USA), France and the UK, the launching did not only represents its expansion but reaffirms its commitment to enterprise, excellence and execution.

View this post on Instagram

UBA Group is Africa’s global bank with a growing footprint of 20 countries in Africa and globally in the USA, France and the United Kingdom. Last night’s launch in the United Kingdom not only represents our expansion but reaffirms our commitment to Enterprise, Excellence and Execution. The Group Board Chairman @TonyOElumelu, Group CEO @kenuzoka , DMD Victor Osadolor and many distinguished guests, friends and associates, graced the event to celebrate with us. Some of our guests who flew in from far and wide include Aliko Dangote, Mrs Toyin Saraki, Dr Okey Oramah, Alhaji Samaila Zubairu, Akinwole Omoboriowo, Albert Massland , Funke Okubadejo, Shaukat Aziz, former PM of Pakistan and many more. We celebrated in style as International Superstar @iambangalee entertained us throughout the evening at the prestigious and stunning Shard in London, England. #UBAUK #AfricasGlobalBank

A post shared by United Bank for Africa (@ubagroup) on Feb 28, 2019 at 11:31pm PST

Recall that UBA on Monday, February 4, 2019, opened a new branch in Mali. Maimouna El Oumarany, a Spokeswoman for UBA’s Malian subsidiary, said the bank aims at expanding its footprint in the region where it already operates in a dozen countries.

UBA’s performance

The bank’s Q3 2018 results show that interest income witnessed a 12.6% increased from N238 billion in 2017 to N268 billion. Profit after tax also increased by 1.14% from N60.9 billion in 2017 to N61.6 billion.

UBA traded its shares on the NSE floor in its last trading session at N7.45.

About UBA

United Bank for Africa Plc, together with its subsidiaries, primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally. The company operates through Corporate Banking, Retail/Commercial Banking, and Treasury and Financial Markets segments.

Founded in 1948, UBA offers current, savings, and domiciliary accounts; revolving, executive, and other personal overdrafts; asset finance; mortgages; personal, co-operative, executive, and cash collaterised loans; debit and prepaid cards; and foreign exchange services.