Business
UBA wins Global Finance Best SME Bank 2023 Award.
UBA wins the Global Finance Best SME Bank 2023 Award.
The outstanding accomplishments of United Bank for Africa (UBA) Plc have ignited the African financial scene, and the company is still rising to new heights and winning numerous prestigious international awards. These accolades not only signify the bank’s unwavering commitment to the economic development of Africa but also solidify its position as a key player in the global financial industry.
In a resounding display of excellence, UBA has been honored with the title of Global Finance’s Best SME Bank for 2023 in Nigeria, Ghana, and Mozambique. These awards serve as a testament to the bank’s relentless dedication to supporting small and medium-scale businesses, which are the lifeblood of any growing economy.
Furthermore, with a strong presence in 20 African countries, UBA has been recognized with the 2023 FMDQ Gold Awards in three vital categories: Money Market Liquidity Provider, FX Market Liquidity Provider, and Dealing Member of the Year. Additionally, UBA was named Global Finance’s Safest Bank in Senegal in 2023, further solidifying its reputation for stability and trustworthiness.
In response to the FMDQ Group Awards, the Group Chairman, Mr. Tony O. Elumelu (CFR), expressed his pride, stating, “This recognition is a testament to UBA’s impressive capital strength and capacity to provide liquidity to African financial markets even in the face of harsh economic realities, our market knowledge, dedication to customer services, and the trust of our clients.”
On the global stage, UBA Ghana secured the World Business Outlook Awards for 2023, earning accolades as the Best Banking Services Provider Ghana 2023, Leading Financial Services Institutions Ghana 2023, and Banking CEO of the Year Ghana 2023, awarded to Mr. Chris Ofikulu, the CEO of UBA Ghana at the time.
The bank’s triumphs did not end there. UBA was celebrated for clinching nine prestigious awards, including the highly coveted Bank of the Year Africa 2023 at The Bankers Awards 2023, organized by The Banker Magazine. UBA’s subsidiaries in eight countries, including Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, the Republic of Congo, Sierra Leone, and Tanzania, further underscored the bank’s dominance and impact across diverse African markets.
Expressing his gratitude and excitement about the awards, UBA’s Group Managing Director, Oliver Alawuba, emphasized that the recognitions serve as a reassurance that the bank is on track in its goal of consolidating its leadership position in Africa and creating superior value for its stakeholders.
Alawuba stated, “UBA is honored to be named the Bank of the Year in these eight countries and to receive the overall award for Africa. This accomplishment is a testament to the hard work, dedication, and innovative spirit of the entire UBA team. We remain committed to delivering top-notch banking services that positively impact the lives of our customers across the continent.”
Furthermore, the Editor of the Banker, Joy Macknight, commended UBA’s consistent excellence in the financial services sector across the continent. She highlighted that UBA remains a clear winner across a wide range of criteria, having performed impressively across its footprint with a strong financial performance across most of its markets.
“In a year of strong competition among the continent’s major banking groups, UBA has gained the edge on its rivals to win the Bank of the Year award for Africa for the third time in five years. Congratulations. The award recognizes the bank’s strength across Africa, including many of its most competitive markets,” Macknight stated.
UBA’s remarkable achievements in 2023 have not only earned it global acclaim but have also underscored its unwavering commitment to excellence, innovation, and impactful financial services across the African continent. As the bank continues to set new benchmarks and raise the bar for the industry, it remains a beacon of hope and progress for businesses and individuals across Africa and beyond.
Only recently, UBA joined companies with N1 trillion in capitalization, having seen its shares grow by over 260% since the beginning of 2023. UBA’s N1tn market capitalization mark comes amidst the bank’s share being named as the highest performing stock in the banking sector in 2023, which underscores the bank’s robust growth trajectory and unwavering market confidence.
United Bank for Africa Plc is a leading pan-African financial institution, offering banking services to more than twenty-five (25) million customers across 1,000 business offices and customer touch points in 20 African countries. With a presence in New York, London, Paris, and Dubai, UBA is connecting people and businesses across Africa through retail, commercial, and corporate banking, innovative cross-border payments and remittances, trade finance, and ancillary banking services.
