Home / NEWS / UBA Gets International Digital Bank Award

UBA Gets International Digital Bank Award

The United Bank for Africa Plc (UBA), under the digital category of the International Finance awards has won the International Finance Magazine’s ‘Most Innovative Digital Bank’ of the year.
Organised by the International Finance Magazine, the award, according to the bank places UBA high in the digital banking space.
In selecting the winner, International Finance Awards said it recognises industry talent, leadership skills, industry net worth and capability on an international platform.
In a statement made available to newsmen, the tier 1 Nigerian bank disclosed that winning the digital category of the prestigious International Finance Awards is a boost for the bank ahead of its peers in the digital banking space.
The bank further made known that its remains committed to demonstrating leadership in innovation and momentum in the market.
“In selecting its recipients, the International Finance Awards recognise industry talent, leadership skills, industry net worth and capability on an international platform. After careful consideration of nominations by a qualified research team, winners are declared on the strength of their application and past accomplishments,” the statement read.
The award is regarded as the industry standard for banking excellence, recognising and celebrating the achievements of individuals and financial institutions within the global banking sector.
The Group Head, Online Banking and IT Online Banking Services of UBA, Austine Abolusoro, said: “We are delighted and proud to be recognised as the 2018 Most Innovative Bank of the Year.
UBA Plc had released its results for the period ended June 2018. The bank also declared an interim dividend of N0.20 (twenty kobo).
Interest income increased from N154.9 billion in 2017 to N187 billion in 2018.
Profit before tax increased slightly from N57.5 billion in 2017 to N58.1 billion in 2018.
Profit after tax increased from N42.3 billion in 2017 to N43.7 billion in 2018.
Earnings per share rose marginally from N1.20 in 2017 to N1.23 in 2018.
UBA Plc opened Monday 23, 2018 on the Nigerian Stock Exchange (NSE), at N8.30.
UBA Plc is a leading pan-African financial services group headquartered in Nigeria. It is one of Africa’s best and most resilient banking groups with operations in 20 African countries and offices in three global financial centres, which are London, Paris, and New York.
Adjudged to be at the forefront of innovation and convenient banking, UBA is one of the first financial services institutions on the continent to deploy Finacle 10x, a new information technology platform that boosts its services and electronic banking channels.
Today, the financial service provides banking services to more than 15 million customers globally, through over a thousand touch points and other diverse channels.

About Idowu Hamed

Publisher and Editor in Chief - Magazine and Online Email: startrendinter@gmail.com