UBA Reflects on Growth with Focus on Capital flows, Trade and Investment Connectivity in 75 Years Anniversary
Lagos, Nigeria- The United Bank for Africa (UBA) Global Managing Director and CEO Oliver Alawuba has underscored the bank’s strategic focus on becoming the payment bank for capital flows, trade, and investment between Africa and the global market in observance of the bank 75 years anniversary.
By Jaheim T. Tumu
Addressing the global press conference, Alawuba, reflected on the bank’s rich history and shared its future aspirations, acknowledging that as an illustration by the bank’s commitment to providing $6bn in financing to SMEs under the African Continental Free Trade Area (AfCFTA) agreement. Accordingly, the initiative aims to bolster intra-African trade and enhance economic integration across the continent.
Alawuba empathized that the anniversary as more than a mere celebration, describing it as a testament to UBA’s enduring resilience, relentless innovation, and steadfast commitment to excellence over the decades.
Said Alawuba, “Our journey has been defined by our ability to adapt and thrive amidst changing market dynamics,” he remarked. The bank’s historical trajectory from a modest beginning in Lagos to a formidable global financial institution exemplifies its strategic vision and operational acumen.”
He emphasized UBA’s strategic intent to capitalize on opportunities within emerging markets, with innovation and digital transformation at the core of its growth strategy.”
“Innovation and digital transformation are the key parts of the bank’s best strategy for future growth and competitiveness. UBA will continue to invest in innovative products, services, and digital platforms that enhance customer satisfaction and experience,” he quipped.
In a tele conference which was attended by UBA Liberia Managing Director, Mr. Ayokunle Olajubu Abraham, and staff via live video, was in commemoration of the bank anniversary,
Alawuba acknowledged pivotal role of UBA’s Group Chairman, “Mr. Tony Elumelu for his vision to push in 2005 and tutelage over the years, stating that they could not have the fate without his meaningful contribution.
Alawuba also acknowledged the unwavering support of UBA’s customers. “I want to thank all our customers around the globe. Your consistent support and patronage have been amazing,” he said. “Many families have been with us for generations, and this is the true strength of UBA.”
Highlighting UBA’s pioneering achievements, Alawuba noted, “The past 75 years have been marked by stability and excellence. UBA has achieved numerous firsts, such as being the first bank in Nigeria to offer an Initial Public Offering (IPO) in 1970 and the first to install ATMs in Nigeria.”
He reaffirmed UBA’s commitment to corporate social responsibility. “Our initiatives in education, healthcare, entrepreneurship, and environmental sustainability have made a concrete impact on communities across Africa.
Addressing earlier, UBA’s Group Deputy Managing Director, Muyiwa Akinyemi said that they will continue to uphold the core values of excellence, enterprise, and execution, driving sustainable growth and success.
He said UBA currently operates across four continents with presence in 20 African countries, United States of America, France, United Kingdom, and UAE; and over the past 75 years, they have exemplified stability, reliability, and excellence in banking, achieving numerous milestones and positively impacting the communities that they served.
According to Akinyemi, the bank committed to financial strength and resilience over the years are key to our success.
“Our robust performance, especially over the last couple of years, underscores our sound strategies and commitment to operational excellence.” He assured everyone that that UBA will remain an attractive investment opportunity as it continues to deliver exceptional value to our shareholders,” he said.
He emphasized, “We are committed to offering value that enhances the experience of our customers, while solidifying our position as a forward-thinking institution. “Together, we will continue to uphold our core
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