United Bank For Africa (UBA) Is A Multinational Pan-African Financial Services Group With Its Headquarters On Lagos Island, Lagos, Known As The Global Bank For Africa. It Has Subsidiaries In 20 African Countries And Offices In London, Paris And New York. In December 2021, UBA Was Granted A Banking License To Operate In The UAE. It Is Listed As A Commercial Bank By The Central Bank Of Nigeria. The Group's Shares Are Listed On The Nigerian Stock Exchange Under The Trading Symbol: UBA The Bank's Group Chairperson Is Tony Elumelu And The Managing Director/CEO Is Oliver Alawuba.
Current Executives
The Following Table Shows The Current Group Board Of Directors Of UBA:
Overview
UBA Is A Large Financial Services Group In Nigeria And The African Continent. As Of December 2021, The Group's Financial Assets Were Valued At £8.50 Trillion ($20.10 Billion) And Shareholders' Equity Was £724.10 Billion ($1.80 Billion). At That Time, The Group Employed 20,000 + People. The Group Has Subsidiaries In Nigeria, Ghana, Benin, Côte D'Ivoire, Burkina Faso, Guinea, Chad, Cameroon, Kenya, Gabon, Tanzania, Zambia, Uganda, Liberia, Sierra Leone, Mozambique, Senegal, The Democratic Republic Of The Congo, Congo Brazzaville, Mali, The United States, The United Kingdom, France And The United Arab Emirates.
History
The Bank Of England And France Limited (BFB) Began Operations In Nigeria In 1948. BFB Is A Subsidiary Of The National Bank Of Commerce And Industry In Paris (BNCI), Which Converted Its London Branch Into BFB As An Independent Subsidiary. The National Credit Bank (Banque Nationale De Credit) And Two British Investment Companies, S.G. Warburg And Company And Robert Benson And Company, Hold Shares In BFB.
Following Nigeria's Independence From The United Kingdom, UBA Was Incorporated On 23 February 1961 To Take Over The Operations Of BFB.
In 1970, UBA Was Listed On The Nigerian Stock Exchange, Becoming The First Bank In Nigeria To Conduct An Initial Public Offering (IPO).
Today's UBA Was Formed By The Merger Of The Dynamic And Fast-growing Standard Trust Bank, Established In 1990, And UBA, One Of Nigeria's Largest And Oldest Banks. The Merger, Which Was Completed On 1 August 2005, Is One Of The Largest Ever Completed By The Nigerian Stock Exchange (NSE).
Following The Merger, UBA Further Expanded Its Brand By Acquiring Continental Trust Bank In The Same Year. In 2006, UBA Acquired Bank Of Trade, Which Was Then Being Cleared By The Central Bank Of Nigeria.
UBA Successfully Conducted Another Joint Public Offering In 2007 And Further Acquired Three Clearing Banks: City Express Bank, Metropolitan Bank And African Express Bank. UBA Also Acquired Afrinvest UK, Renaming It UBA Capital, UK. In 2008, When UBA Further Acquired Two Clearing Banks, Gulf Bank And Liberty Bank, The Quest To Build Strong Domestic And African Brands Intensified.
Signal To Noise Ratio Executive Name Title/Title 1 Tony Elumeru (C.F.R.) Chairperson 2 Oliver Alavuba Group Managing Director/CEO 3 Muiwa Akinyemi Deputy General Manager 4 Abiola Bawa Executive Director, CEO Africa 5 Alex Alozzi Executive Director, Group Chief Operating Officer 6 Ugochukwu Nwagodo Executive Director Finance And Risk Management 7 Sola Yomi-Ajai Executive Director Treasury And International Banking 8 Isaac Olukayode Fasola Non-Executive Director Duke Owanari Non-Executive Director 10 Erelu Angela Adebayo Non-Executive Director 11 Haji Abdulkadir Jeli Bello (FCA) Non-Executive Director 12 Angela Aneke Non-Executive Director 13 Aisha Hassan Baba, OON Non-Executive Director 14 Carolyn Anyanwu Non-Executive Director
