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UBA
News and analysis about UBA
The iconic success story of UBA since coming into existence 75 years ago, typifies this and is indeed an exceptional one which is a testament to vision and sheer determination and truly deserves commendation.
Africa’s Global Bank, the United Bank for Africa (UBA) Plc marked this year’s Africa Day, with fanfare.
UBA shareholders have been urged to reinvest their dividends in the bank’s upcoming rights issue.
Nigerian tier-1 banks raked in N392 billion from electronic business in 2023 as more Nigerians embrace cashless transactions.
The NGX Pension Index is designed to measure the performance of the top 40 companies on the Nigerian Exchange (NGX) in terms of market capitalization and liquidity.
With a collective asset value nearing N150 trillion across 26 commercial banks, Nigeria's financial sector has witnessed substantial growth, with formal financial inclusion reaching 64% by 2023.
United Bank for Africa Plc (UBA) released its financial results for the first quarter ended March 31st, 2024, showing very strong growth across key performance measures.
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion.
UBA has released its unaudited financial statements for Q1 2024, with the group posting a pre-tax profit of N156.3 billion, marking a 155% year-on-year increase from the N61.4 billion posted in Q1 2023.
As of December 2023, Nigeria's largest banks had a total net asset value of N9.7 trillion but only a combined market capitalization of N4.2 trillion ($ billion), translating to a price-to-book ratio of 0.43, or 43%.
Africa’s Global Bank, United Bank for Africa (UBA), held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on and learning experience.
Four of Nigeria’s top banks, GTCO, UBA, Zenith Bank, and Access Holdings posted a total profit after tax of N2.44 trillion in 2023. This represents a whopping 241.5% increase from the N715.6 billion PAT posted by these banks in 2022.