75th Anniversary: UBA’s story is one of transformation and resilience – Alawuba

The Group Managing Director of United Bank for Africa, UBA Plc, Oliver Alawuba, says the bank’s enduring resilience, relentless innovation, and steadfast commitment to excellence over the decades shaped it to its current position.

Oliver Alawuba, speaking at the Global Press Conference marking the 75th anniversary of United Bank for Africa (UBA), underscored the bank’s strategic focus on becoming the payment bank for capital flows, trade, and investment between Africa and the global market.

“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.

“Our journey has been defined by our ability to adapt and thrive amidst changing market dynamics,” he remarked. The bank’s historical trajectory from a modest beginning in Lagos to a formidable global financial institution exemplifies its strategic vision and operational acumen.

“Innovation and digital transformation are the key parts of the bank’s best strategy for future growth and competitiveness. UBA will continue to invest in innovative products, services, and digital platforms that enhance customer satisfaction and experience,” he said

He noted that N100 a share is possible for the bank stock.

UBA currently trades at N21 and a price to book value 0.28 times. This means a valuation closer to book value will see the shares trading closer to N80.

Speaking also, the Group Deputy Managing Director, Muyiwaa Akinyemi, said the anniversary “not only marks our legacy but signifies our transformation journey from inception as British & French Bank that was established in 1949, to becoming the leading financial institution in Africa as Africa’s Global Bank”.

He said UBA, today, operates across 4 continents with a presence in 20 African countries, the United States of America, France, United Kingdom and UAE.

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