United Bank for Africa Plc, has emerged as the African Bank of the Year at the 2023 Bankers Awards organised by The Banker Magazine; a publication of the Financial Times of London.
A statement on Sunday said UBA Group won nine awards at the event.
Apart from the Bank of the Year Africa award, the bank’s subsidiaries also emerged as the Bank of the Year in eight of the 20 countries where it operates in Africa.
The winning subsidiaries include UBA Cameroon, UBA Chad, UBA Ghana, UBA Cote d’Ivoire, UBA Mozambique, UBA Congo, UBA Sierra Leone, and UBA Tanzania.
It stated, “This is the second time in the past three years that UBA has won the regional award as the best bank in Africa. It emerged winner in 2021.”
The Group Managing Director, UBA, Oliver Alawuba, who received the awards on behalf of the banking group, expressed his gratitude and excitement about the awards
Alawuba noted the awards were a form of recognition and reassurance that the lender was on track in its goal of consolidating its leadership position in Africa and creating superior value for its stakeholders.
He said, “UBA is honoured 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. We have our millions of customers across the globe and our many thousands of staff to thank for this. They are the very reason why we keep winning and receiving these accolades.”
Speaking earlier about UBA’s consistent excellence in the financial services sector across the African continent, the Editor of the Banker, Joy Macknight, hailed UBA as 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.
Macknight stated, “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 2nd time in three years. Congratulations. The award recognises the bank’s strength across Africa, including many of its most competitive markets.”
