As the landscape of the African banking sector transforms rapidly in the move towards increasing globalization, with key players jostling to broaden their horizon beyond national, sub-regional and regional boundaries, United Bank for Africa (UBA) Plc. has once again made history by winning the first ever emerging global award.
Arguably the largest bank in West Africa, UBA beat strong contenders JP Morgan Chase and Standard Bank to take the prize, which was awarded in recognition of its expansion plans beyond Nigeria to other areas of Africa.
In addition to Ghana, UBA has obtained regional banking licences in East and Central Africa, and is determined to crystallise its vision of becoming a role model for other African businesses.
Accepting the award on behalf of the bank, Ifeatu Onejeme, Chief Executive Officer of the bank for East & Southern Africa, paid tribute to the Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, whose courageous reforms of the Nigerian banking industry created the framework for banks like UBA to show their true potential and actualize their vision of playing alongside the best in the world.
Onejeme dedicated the award to Tony Elumelu, the UBA Group Managing Director/CEO, for having a bold dream to build a global bank out of Africa.
He added that UBA would continue to play a key role in transforming Africa by providing financial services and products to help businesses and individuals achieve their commercial and personal aspirations.
Organized by the premier Pan-African Newsmagazine, African Business, the event was witnessed by a host of distinguished personalities from the continent's financial services sector, including Governors of Central Banks, Finance Ministers and Bank Chief Executives from across the continent.
United Bank for Africa Plc. has recently received several awards for its leading role in the transformation of the African financial services landscape.
Mr. Elumelu, for example, was honoured with the African Business Leader of the year award in Nairobi, Kenya on account of his leadership qualities.
Not long ago, UBA was also named best domestic bank in Nigeria by Euromoney, Europe's frontline Finance and Economy magazine.
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