Six subsidiaries of the United Bank for Africa (UBA) Plc have been named ‘Bank of the Year 2020’ by the Banker Magazine a leading global finance news publication published by Financial Times of London.
For the second year running, UBA’s multiple initiatives which include its investment in digital technology, adherence to world-class customer services offerings and financing critical projects have been recognised by the organisers of the world’s leading award in finance.
UBA Benin, UBA Cote D’Ivoire, UBA Chad, UBA Liberia, UBA Sierra Leone and UBA Zambia emerged best bank in their respective countries.
The 2020 edition of the awards ceremony was held virtually on Wednesday and the exceptional win makes it the second time ever in the history of the banker awards, that any banking group will be clinching as many as six wins in the same year. The bank made history with the same number of awards in the 2019 edition of the awards.
Middle East and Africa editor for The Banker John Everington explained that a rigorous and highly analytical process is made to reach each Bank of the Year decision and the institution’s reputation for independence, authority and integrity is applied to each submission.
“More banks apply for the Bank of the Year Awards than any other similar process and our access to data on each bank and our focus on transformation, inclusion and diversity in the industry is well known. Winning Bank of the Year, this year more than any other, is an opportunity for your Bank to position itself as playing a key role in what the future holds and building towards a recovery in economies in 120 countries worldwide,” he said.
CEO, UBA Africa Oliver Alawuba expressed delight over the recognition, saying: “The recognitions come as a reassurance that we are on track in consolidating our leadership position in Africa, as we continue to create superior value for all our stakeholders.”
