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United Bank for Africa Kenya Limited, commonly referred to as UBA Kenya, is a commercial bank in Kenya. It is licensed and supervised by the Central Bank of Kenya, the central bank and national banking regulator. [3] The bank is a small-sized commercial bank in Kenya, the largest economy in the East African Community.
The current bank is the product of the Banco de Oro–Equitable PCI Bank merger.The boards of both banks agreed to merge on December 27, 2006. The new BDO Unibank retained the ticker symbol of the old Banco de Oro, and 1.3 billion BDO shares were issued in exchange for 727 million Equitable PCI Bank shares.
United Bank for Africa Plc (UBA) is a multinational pan-African financial services group headquartered in Lagos Island, Lagos and known as Africa’s Global Bank. It has subsidiaries in 20 African countries and offices in London, Paris and New York. [3] In December 2021, UBA received its banking license to commence operations in the UAE. [4]
The bank was founded by the state-owned National Commercial Bank of Albania (NCBA) and a group of Islamic investors. In 2000 NCBA was privatized and its 40% stake in UBA was acquired by the Ministry of Finance. In March 2009 the Ministry of Finance agreed to sell 40% of its shares to the Islamic Development Bank. [2]
Benefits of online and digital banking. Higher rates and lower fees. Online banks save a bundle without operating branch locations, and these savings translate into stronger annual percentage ...
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2010s, this has become the most common way that ...
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