• Sunday, April 21, 2024
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UBA bags multiple global awards

UBA mulls rights issue, private placement to meet capital requirements

United Bank for Africa (UBA) plc has clinched multiple international awards, solidifying its status as a key player in the global financial landscape.

The bank’s achievements include being named Global Finance’s Best SME Bank for 2023 in Nigeria, Ghana, and Mozambique, highlighting its unwavering support for small and medium-sized enterprises, crucial drivers of economic growth.

UBA’s performance extended to the 2023 FMDQ Gold Awards, where it secured victories in three vital categories: Money Market Liquidity Provider, FX Market Liquidity Provider, and Dealing Member of the Year. Additionally, UBA was recognised as Global Finance’s Safest Bank in Senegal for 2023, underscoring its commitment to financial stability.

Reacting to the FMDQ Group Awards, Tony Elumelu, the group chairman, said, “This recognition is a testament to UBA’s impressive capital strength and capacity to provide liquidity to African financial markets even in the face of harsh economic realities, our market knowledge, dedication to customer services, and the trust of our clients.”

Also, UBA Ghana clinched the World Business Outlook Awards for 2023 as the Best Banking Services Provider Ghana 2023, Leading Financial Services Institutions Ghana 2023, and Banking CEO of the Year Ghana 2023, which was won by Chris Ofikulu, the then CEO of UBA Ghana.

Earlier, the bank was celebrated as it clinched nine awards, including the Bank of the Year Africa 2023 at The Bankers Awards 2023, organised by The Banker Magazine, a publication of the Financial Times of London.

Oliver Alawuba, UBA’s group managing director, who received the awards on behalf of the bank, expressed his gratitude and excitement about the awards, saying the recognitions were a reassurance that the bank was on track in its goal of consolidating its leadership position in Africa.