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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]
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.
United Bank for Africa Uganda Limited, also UBA Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda , the central bank and national banking regulator. [ 4 ] UBA Uganda is a subsidiary of the United Bank for Africa , headquartered in Lagos , Nigeria, with a presence in twenty African countries, the United Kingdom, France ...
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]
The bank serves the banking needs of large corporations, small and medium sized enterprises, individuals and government departments.The bank is a 100 percent subsidiary of United Bank for Africa, a Nigerian-headquartered financial services conglomerate, with banking subsidiaries in 20 sub-Saharan countries, whose total assets were valued at US$14.6 billion, as of 31 December 2019.
As DMD/CEO, UBA Africa in 2021, UBA won the Banker's award for African Bank of the Year award for year in 13 countries. [ 11 ] In August 2022, Oliver Alawuba assumed his appointment as the Group Managing Director of United Bank for Africa following the retirement of Kennedy Uzoka. [ 12 ]
Following the merger of Standard Trust Bank and United Bank for Africa in 2005, Elumelu led the company as Group Managing Director from a single-country banking group to a pan-African bank with subsidiaries in 20 African countries, France, the U.S and the U.K, eventually stepping down in 2010.
UBA Pro Basketball League Universal Basketball Association , a semi-professional US men's basketball league Universidad de Buenos Aires , University of Buenos Aires, Argentina