The United Bank for Africa, UBA, made a number of commitments in Lagos on 20 JT-200524_NGA-ECO-1_ENGMay 2024 at a global press conference to mark its 75th anniversary, including improving the quality of its banking services, providing greater support for small and medium-sized enterprises, and providing ever greater assistance to young people. With more than 25 million customers in 20 African countries, UBA intends to further promote the fluidity of exchanges thanks to new technologies by taking up the challenge of connectivity in a context of global economic gloom.
Despite 75 years’ experience in providing financial services in Africa, and coverage of some twenty countries in sub-Saharan Africa, the UBA group is still thinking big and aims to reach new heights in the years ahead. The democratisation of banking services and the promotion of entrepreneurship remain central priorities for this institution.
“Today we are gathered to announce a remarkable milestone in the transformation journey of United Bank for Africa as of its 75th anniversary. This anniversary is dear to us here in UBA as it does not only mark our legacy but our transformation from being British and French Bank back 1949 to becoming the leading financial services in Africa , tagged Africa’s global bank .”.”
Muyiwa Akinyemi, Group deputy managing director – Nigeria
In the wake of the promotion of free movement, UBA, which opened its doors in 1949 under the name of British & French Bank, intends to become more involved in facilitating the movement of goods and people through the African Continental Free Trade Area, AfCFTA.
First nigerian bank listed on the Nigeria Stock Exchange since 1970, United Bank for Africa, which today has more than 35 million customers spread over 4 continents, achieved the feat in January 2024 of crossing the 1 trillion dollars capitalisation mark, joining the category of companies known as SWOOT, Stock Worth Over 1 Trillion, which includes MTN Nigeria, Airtel Africa and Dangote Cement. According to the executive board, the 75th anniversary global press conference marks the start of a whole year of celebrations that will be marked by a series of actions to empower young people, among others.
