The United Bank for Africa (UBA) has launched in the United Kingdom, a development that comes a few weeks after the bank expanded to Mali.
The launching, which was held in grand style, was attended by industry stakeholders like Aliko Dangote, Dr Okey Oramah, Albert Massland, and a host of others. Nigeria’s pop star, Oladapo Oyebanjo popularly known as Dbanj also touched down London to serenade the guests present at the launching. Wizkid who was the headliner for the bank’s launching in Mali also graced the event.
A statement released by UBA on Instagram noted that having had a growing footprint of 20 countries in Africa and globally in the United States of America (USA), France and the UK, the launching did not only represent the bank’s expansion but reaffirms its commitment to enterprise, excellence and execution.
The bank’s Q3 2018 financial results show that interest income witnessed a 12.6 percent increased from 238 billion naira in 2017 to 268 billion naira. Profit after tax also increased by 1.14 percent from 60.9 billion naira in 2017 to 61.6 billion naira.
United Bank for Africa Plc, together with its subsidiaries, primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally. The bank was founded in 1948 and operates through Corporate Banking, Retail/Commercial Banking, and Treasury and Financial Markets segments.