United Bank for Africa PLC
NNSENG:UBA41.80
NGN
-0.10
(-0.24%)
ISIN
NGUBA0000001
Return %
Stock
S&P 500
1Y
-2.34
14.20
3Y
120.00
81.12
5Y
397.62
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Oliver Alawuba
- Full Time Employees
- 10,821
- Sector
- Finance
- Industry
- Major banks
- Address
- Lagos Nigeria
- IPO Date
- Mar 1, 2007
- Website
- ubagroup.com
- Similar Companies
- Business
- United Bank for Africa PLC is a pan-African financial services group engaged in the provision of commercial, retail, corporate, and investment banking solutions to individuals, small and medium-sized enterprises, large corporations, and public sector institutions. The bank organizes its operations through key business segments: Retail Banking, Corporate Banking, and Treasury and Financial Markets. Its core products and services include deposit and liquidity management solutions, comprising retail savings accounts, corporate current accounts, fixed-term deposits, domiciliary foreign currency accounts, and non-resident banking services; consumer and commercial lending facilities, consisting of personal unsecured loans, vehicle financing, residential mortgages, overdraft facilities, working capital loans, and syndicated debt facilities; corporate and investment banking services, encompassing project finance, structured lending, debt advisory, and balance sheet restructuring; trade finance and international transaction services, including letters of credit, bills for collection, export credit financing, structured commodity finance, and customs guarantees; treasury, cash management, and global market solutions, featuring foreign exchange spot and forward contracts, fixed-income securities trading, liquidity management, and sovereign bond distribution; transaction banking and digital platforms, including corporate web-based treasury portals, the UBA Mobile App, the Leo artificial intelligence conversational virtual banking assistant, point-of-sale payment acquiring, merchant checkout interfaces, and agency banking services; and card payment products, comprising debit, credit, and prepaid cards issued in partnership with international payment card networks. Founded in 1949 as British and French Bank and incorporated in Nigeria in 1961, the bank is headquartered in Lagos, Nigeria, maintaining extensive operations across 20 African nations alongside regulated international presences in London, New York, Paris, and the Dubai International Financial Centre. In recent developments, the bank initiated a comprehensive equity recapitalization program under a 400 billion naira shelf framework to comply with revised Central Bank of Nigeria capital adequacy regulations, executing successful multi-tranche rights issues that raised over 400 billion naira in equity capital. Additionally, the bank established a landmark six billion dollar financing commitment with the African Continental Free Trade Area Secretariat to facilitate intra-African trade and cross-border commercial lending for small and medium enterprises, upgraded its international operational footprint across European and Middle Eastern financial hubs, expanded its payment infrastructure collaborations with global payment processors, and increased capital allocations toward enterprise-wide digital architecture upgrades and artificial intelligence automation platforms.