UBA Bank Review: History Locations And Review Of UBA

United Bank for Africa Plc (UBA) is one of the oldest banks in the country. It is the third largest bank in Nigeria and one of the largest banks in Sub-Saharan Africa. UBA is a full service bank offering a broad range of financial products and services to corporate, commercial and retail customers. It offers deposit products, loans, mortgages, debit and prepaid cards, asset finance, payment solutions, money transfers as well as cash management, treasury and capital market services, trust services, pension management, investment banking, mobile and online banking (U-Direct) and other services. With about 12,500 employees, the company serves over 14 million customers globally through more than 1,000 branches and touch points, 1,740 ATMs and 13,500 POS terminals in Africa. UBA is the only Sub - Saharan African bank with an office in the U.S. (New York). The Bank operates in 19 African countries including Ghana, Benin, Burkina Faso, Cameroon, Chad, Gabon, Guinea Conakry, Cote d’Ivoire, Kenya, Liberia, Senegal, Sierra Leone, Tanzania, Zambia, Uganda, USA, France, Cayman Islands and the UK. UBA Capital (Europe) Limited is a London-based investment banking and asset management company. In addition, UBA have obtained licenses to operate in Mali, Democratic Republic of the Congo (DR Congo), Mozambique and Congo Brazzaville. The Bank’s shares are widely held by local and foreign individuals, as well as institutional investors. At September 30, 2017, UBA Group had total assets of N3.771 trillion (US$10.4 billion), customer loans of N1.596 trillion and customer deposits of N2.520 trillion.

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Credit Ratings:

Fitch (Foreign Currency): B/B/Stable

S&P (International): B/B/Stable

Global Credit Rating Co. (National): A1+ (NG)/AA- (NG)/Stable

Agusto & Co. (National): Aa- / Aa- /Stable

Top 5 Shareholders: 

1. UBA Staff Investment Trust Scheme - 6.3%

2. Consolidated Trust Funds Ltd. - 4.9%

3. Heirs Holdings Limited - 4.8%

4. STH Limited – 3.3%

5. Stanbic Nominees Nigeria Ltd/C001 – 3.1%

Major Non-banking Subsidiaries:

UBA Pension Custodian Limited

UBA Capital Europe Limited

UBA Global Investor Service

Banking Subsidiaries:

UBA Nigeria

UBA Ghana Limited

UBA Cameroun SA

UBA Cote D’Ivoire

UBA Liberia Limited

UBA Burkina Faso

UBA Chad SA

UBA Senegal SA

UBA Benin

UBA Kenya Bank

UBA Tanzania Limited

UBA Gabon

UBA Guinea SA

UBA Sierra Leone

UBA Mozambique SA

UBA Congo DRC SA

UBA Congo Brazzaville

UBA Zambia Limited

UBA Global Locations

Head office address: 

UBA House, 57 Marina

P.O. Box 2406

Lagos, Nigeria

Phone: +234 700 2255 822 

Website: www.ubagroup.com

   Source: https://www.relbanks.com/africa/nigeria/united-bank-for-africa