United Bank for Africa Plc - Company Profile
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United Bank for Africa Plc (UBAP) is a provider of banking and related financial solutions. Its product offering includes various current and saving accounts, cards, consumer and corporate loans and mortgages, and overdraft facilities. UBAP’s service offerings comprise money transfer, agri-business banking, online banking solutions, cash management, treasury, foreign exchange services, and trade services. The bank also provides investment banking solutions. It caters to retail, corporate, and SME clients through a network of branch offices, ATMs, and digital portals. The group has operations in the various countries of Africa, the US, the UK, and a representative office in France. UBAP is headquartered in Lagos, Nigeria.
Headquarters
Nigeria
Address
57 Marina, Lagos, Island
Website
www.ubagroup.com
Telephone
234 1 6319822
No of Employees
9,751
Industry
Financial Services
Ticker Symbol & Exchange
UBA (NIG)
Revenue (2021)
$2.0B
25.5%
(2021 vs 2020)
EPS
XYZ
Net Income (2021)
XYZ
42.8%
(2021 vs 2020)
Market Cap*
$675.1M
Net Profit Margin (2021)
XYZ
13.7%
(2021 vs 2020)
* As of and is in US$
United Bank for Africa Plc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts: | Money Transfer Solutions | UBAP |
| Current Accounts | E-Solutions | |
| Savings Account: | Card-less Banking | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In January, the company and SANAD Fund for MSME joined forces to finance for small and medium-sized enterprises (SMEs) in the Morocco. |
| 2022 | Contracts/Agreements | In September, the company entered into a bancassurance partnership with Heirs Insurance Limited and Heirs Life Assurance. |
| 2022 | Contracts/Agreements | In August, the company and MFS Africa partnered to deepen remittances, electronic money services, SME payments and enhance cross-border payment. |
Competitor Comparison
| Key Parameters | United Bank for Africa Plc | Access Holdings PLC | Zenith Bank Plc | Guaranty Trust Bank Ltd | Fidelity Bank Plc |
|---|---|---|---|---|---|
| Headquarters | Nigeria | Nigeria | Nigeria | Nigeria | Nigeria |
| City | Lagos | Lagos | Victoria Island | Lagos | Victoria Island |
| State/Province | - | Lagos | Lagos | Lagos | - |
| No. of Employees | 9,751 | 7,334 | 6,386 | 10,000 | 3,038 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tony O. Elumelu | Chairman | Executive Board | - | - |
| Oliver Alawuba | Director; Managing Director - Group; Chief Executive Officer | Executive Board | 2022 | - |
| Alex Alozie | Executive Director; Group Chief Operating Officer; Director | Executive Board | - | - |
| Gboyega Sadiq | Group Chief Internal Auditor | Senior Management | - | - |
| Michelle Nwoga | Group Chief Experience Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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