Specifically, the bank’s Gross Earnings rose to N608 billion, up from N493 billion recorded in September 2021, while operating income also grew by 27.3% to close at N414.1 billion as at September 2022, up from N334.8 billion achieved a year earlier.
Browsing: United Bank for Africa
The Group Head, Digital Banking of the bank, Kayode Olubiyi, made the revelation on Tuesday at a UBA webinar.
The DMD gave the advice at the annual conference of the Finance Correspondents Association of Nigeria in Lagos.
Adaobi Nwakuche, Managing Director of Heirs Insurance, made the announcement in a statement issued in Lagos.
At the end of the first two quarters of the year, the Bank was able to deliver a 12.6 per cent appreciation in profit before tax (PBT) to N85.7bn, up from N76.2bn recorded in the same period of 2021.
The announcement of the appointment of the GMD was contained in a statement released by the bank on Monday.
Issued in 2017, the five-year bond was offered at a coupon rate of 7.75 per cent and raised to support the Bank’s business in key sectors of the economy.
The new executives were elected at a hugely attended Annual General Meeting/election for key positions on Thursday
Birthed January 11, 2018, with a firm resolve to prioritise its customers as well as put the bank at the heart of disruptive technologies that will transform the experience of esteemed customers, UBA did the unthinkable by getting three million users hooked in less than three years of its inception.
This was disclosed by Awele’s husband, who is also the Chairman of Heirs Holdings, United Bank for Africa and Transcorp.
The second season of the series revealed new cast members from across Africa including Dilish Mathews, winner of the 2013 Big Brother Africa, from Namibia; award winning actresses Salma Mumim and Jocelyn Dumass from Ghana as well as Mauwuli Gavor, a TV presenter turned actor, also from Ghana.
The Command’s Spokesman, ASP Dungus Abdulkarim, disclosed this in a statement in Damaturu on Monday.
This fact was unearthed on Friday as more details emerged on how Ataga was killed on Sunday
He stated that by priotising youth empowerment and job creation, they will be able to improve standard of living in the continent and address the challenge of unemployment.
In a bid to reinforce its commitment to first-rate experience, the lender introduced Leo, the Chat Banker, in 2018 and did not rest on its oars as it innovated with more firsts launching on Facebook in 2019 and on WhatsApp, following which it created Leo Apple Business Chat for IoS, on iPhone and iPad, a feat its peers are yet to replicate, even though some banks like Diamond Bank, now merged with Access Bank, tried with Ada and StanbicIBTC Bank’ Sami. First Bank and GT Bank also launched on WhatsApp. They were all unable to replicate the success story of UBA’s Leo.
The plot, donated by the University of Lagos, is for the construction of a four-storey building by UBA.
For instance, through relevant technological development, the average individual has been empowered to shop online and carry out seamless transaction any time of the day or night from the comfort of his own home or business place.
The News Agency of Nigeria correspondent who visited banks in Iganmu, Bode Thomas, Okota and Ejigbo axis to monitor the situation observed that most banks attended to few customers.
The UBA Business Series, which is held quarterly, is an MSME workshop and capacity building initiative, where leading business leaders share insights on best practices for running successful businesses in the face of huge economic challenges.
Now in its 10th year, the National Essay Competition is part of UBA Foundation’s education initiative, which is aimed at promoting the reading culture and encouraging healthy and intellectual competition amongst secondary school students in Nigeria and across Africa.