Leading financial institution, United Bank for Africa (UBA) Plc. has won double at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) as Bank of the Year and the International Bank of the Year.
UBA clinch the awards in a well-attended ceremony comprising of Bank CEO’s, Captains of Industries and Senior financial executives.
The bank won the awards in recognition of its consistent effort in outperforming its peers using a composite of financial metrics, strategic foresight, execution discipline, world-class governance and global vision.
Mr. Liadi Ayoku, Deputy Managing Director of the bank said;
“These awards mark another milestone for UBA Group and is a testament of the diligent execution of the bank’s strategic initiatives on customer service. Being recognized as Nigeria’s best bank complements positive feedback from customers and is a recognition of our improving efficiencies, service quality and innovation.”
“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.”
“The bank remains focused on its goal of democratizing banking in Africa, leveraging on new technologies and emphasised its determination to change the narrative of financial services in Africa.”
However, Frank Aigbogun, Publisher of BusinessDay Newspapers, organisers of the event said;
“UBA has excelled in the key areas of prioritising customers, which earned the bank the double honours.”
“The bank stood out in prioritising customers as has been evident in the significant rise in Customer Deposits which leaped by 35.7 % to N5.2trillion up from N3.8 trillion at the end of the last financial year.”
“Even though Africa’s economic landscape has been unpredictable in recent times which resulted in recession in Nigeria and some of Africa’s best-performing economies, the bank still found its rhythm and excelled.”
“In these conditions only the most diversified and innovative of regional banks can prosper. And this is precisely why UBA has scooped the BAFI 2020, Best Bank of the year and International Bank of the year, a testament to hard work, resilience. For one, the lender registered impressive top-and bottom-line growth over the review period.”