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United Bank for Africa (UBA Group) wins CEO, Bank of the Year awards

United Bank for Africa (UBA Group) wins CEO, Bank of the Year awards

United Bank for Africa (UBA Group) wins CEO, Bank of the Year awards

The United Bank for Africa Plc has emerged the Bank of the year 2019 while its Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka, also emerged CEO of the year at the Business Hallmark Newspaper Awards, held in Lagos last weekend.

Uzoka beat other CEOs to the prize owing to his sterling achievement since he assumed the leadership role of the bank three years ago as UBA won based on its exceptional performance in key financial indicators in 2019.

Uzoka also recently emerged CEO of the year at the Business Day Banking Awards (BAFI).

Receiving the awards on behalf of the bank, UBA’s Executive Director, Mr. Ayoku Liadi, who represented the GMD, thanked the organisers for the recognition, noting that he was proud to work at one of the best institutions in Africa.

“We are creating superior value for all our customers, because we believe they are key to our everyday operations and this commitment, without a doubt has been yielding dividends,” Liadi said.

The Organiser of the awards and the CEO of Business Hallmark, Emeka Obasi, the award given to UBA, is no doubt a well-deserved one, as is evidenced in the banks numerous innovations including the launch of Leo the Chat Banker, in January of 2018.

“Uzoka also did well by focusing on consistent expansion of UBA’s activities and services across and beyond the African continent”, all this is worthy of recognition.” Obasi concluded.

Launches Self-printing Debit Card Machine

The United Bank for Africa Plc (UBA) has launched a self-printing debit card machine, targeted at encouraging increased use of debit cards which also offers more options to pay.

The Chief Executive Officer, UBA Africa, Victor Osadolor, made the disclosure at the just concluded 2019 Lagos International Trade Fair (LITF),

The new self-printing debit card machine would allow for seamless business transactions with great value to customers and businesses.

He stated that there was no gain saying that the world is tilting into a knowledge based economy, adding that businesses that would survive in the 21st century must invest in technology to remain competitive.

“We are creating superior value for all our customers, because we believe they are key to our everyday operations,” he said.

He further said, the bank’s small and medium scale enterprise banking unit had been actively supporting small businesses with industry-specific loans that ensure maximum impact.

Osadolor restated UBA’s commitment to continue investing heavily in technology to remain a pillar to millions of businesses that have not only chosen to bank with UBA, but have also partnered the bank for growth.

“We are consistently supporting our SMES. We have a huge amount of funds allocated to SMEs. UBA is committed to supporting entrepreneurship. We are the major promoter of the Fair. The new self-printing debit card machine will go along way in allowing for seamless business transactions with attendant value to businesses.

He stated that: “At UBA, we are committed to being role models for African businesses by creating superior value for all the stakeholders. Therefore we have over the years recorded increased growth”.

Video: How to Pay Bills with UBA Magic Banking

Pay your bills at your convenience using the UBA Magic Banking, *919#

Access, Zenith, UBA, 2 others lead top trades on Friday

The top trades on the bourse today were totally dominated by banks as they traded a sum of 336.8 million shares valued at N3.69 billion, which account for 66% of the total shares traded on the stock market on Friday.

The All-share index grew by 0.03% to close at 26,851.68 basis points as the bourse maintained its N13.1 trillion market capitalization mark.

Top trades by volume

Access Bank Plc was the most actively traded stock on the bourse today as it traded in 158.78 million shares valued at N1.69 billion across 555 deals followed by Zenith bank Plc which has been consistent in its trade this week traded in 71.03 million shares valued at N1.36bn across 859 deals.

UBA traded in 41.9 million shares valued at N317 million across 618 deals. First bank Plc traded in 41.5 million shares at N282.6 million across 475 deals while Fidelity bank Plc rounded off the list with trades in 23.6 million shares valued at N47 million across 245 deals.

Top gainers
Champion Brew Plc and Guinness Nigeria topped the chart of gainers today as they both gained 10% to close at N0.99 and N28.6 respectively.

Unity Bank Plc and First Bank Plc grew by 9.84% and 9.6% to close at N0.67 and N6.85 respectively. Jaiz Bank Plc completes the list with 9.23% growth to close at N0.71.

Top losers
On the flip side, Learn Africa Plc was the worst-performing stock today as it lost 9.4% to close at N1.06 followed by NAHCO, which shed 8.85% to close at N2.37. Continental Reinsurance Plc lost 5.83% of its stock value to close at N2.26.

Guaranty Trust Bank Plc declined by 3.01% to close at N29 while Fidelity bank Plc despite recording high trades shed 2.91% of its stock price to close at N2.


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