BUSINESS

UBA Celebrates 75th Anniversary, Highlights Journey Of Innovation, Resilience, Customer-Centric Growth

 

United Bank for Africa (UBA), one of Africa’s leading financial institutions, marks its 75th anniversary with an ongoing global press conference at its headquarters in Lagos on Monday.

Founded in 1949, UBA has evolved from a single-country operation into a pan-African banking powerhouse, now present in 20 African countries and three major global financial centers: London, Paris, and New York.

The anniversary celebration highlighted the bank’s journey of innovation, resilience, and customer-centric growth.

Tony Elumelu, the Group Chairman of UBA, represented by the Group Managing Director, Oliver Alawuba, expressed deep gratitude to the bank’s customers, employees, and stakeholders for their unwavering support.

“UBA’s story is one of transformation and resilience. Over the past 75 years, we have consistently evolved to meet the needs of our customers and communities, driving financial inclusion and economic development across Africa,” Alawuba stated.

Responding to questions from journalists, UBA officials emphasized the bank’s role as a developmental partner in local communities across Africa and a catalyst for economic growth since its inception.

“UBA has marked the past 75 years with stability and excellence, forming a legacy as Nigeria’s first bank listed on the Nigerian Stock Exchange.

“UBA was the pioneer in installing ATMs in Nigeria and the first to open a campus branch at the University of Nigeria.” Alawuba stated.

Highlighting the bank’s financial strength and resilience, the officials noted UBA’s impressive performance over the past year, attributing it to robust fundamentals and strategic decisions.

According to officials, the bank remains committed to innovation and digital transformation, continuously investing in products and services that enhance customer experience and operational efficiency.

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“Our commitment to social responsibility is strong, with initiatives focused on education, healthcare, entrepreneurship, and environmental sustainability, making a concrete impact on communities globally,” they added.

Looking ahead, UBA stated it aims to unify Africa with the rest of the world, positioning itself as the primary payment bank for capital flow across the continent and beyond.

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