Company Name: United Bank for Africa Plc

Founder:
• The British and French Bank Limited Industry: Financial Services History:

The United Bank for Africa was established in 1949 when the BFB or the British and French Bank Limited started to do business in Nigeria. Eventually, the United Bank for Africa was incorporated to replace the British and French Bank Limited in 1961, right after Nigeria gained its independence from the British Government.

The United Bank for Africa was said to be the third largest bank in Nigeria until it was merged with the country’s fifth largest bank, the Standard Trust Bank Plc. After further acquiring the erstwhile Continental Trust Bank Limited or CTB, the union resulted into the new United Bank for Africa Plc. The union of these major African financial institutions resulted into the first successful corporate combination in the Country.

The public limited company is currently headquartered in Lagos, Nigeria. As of today, the United Bank for Africa offers its banking services to over 7 million customers. Apart from its headquarters, the United Bank for Africa also maintains a total of 750 branches across New York, Paris, London, and in 19 other countries all over Africa. In 1970, the United Bank for Africa was included on the Nigerian Stock exchange, proving UBA’s fast development into a pan-African full service financial institution.

UBA has successfully established itself as a dominant bank in Nigeria as well as one of the key players in Africa. The United Bank for Africa gained recognition for its exponential growth during the late 1990s as well as for its comparatively high inflow of investments coming from international finance players. In 2000, the UBA was hailed as the Best Domestic Bank in Nigeria by Euromoney, the frontline finance and economy Magazine in Europe. In addition to that recognition, the United Bank for Africa was also awarded as the Emerging Global Bank by the Pan-African Newsmagazine in 2007.

Leadership:
• Chief Ferdinand Alabraba – Group Chairman
• Tony Elumelu –Group Managing Director, Chief Executive Officer