United Bank for Africa Plc (UBA) is a Multinational pan-African financial services group headquartered in Lagos and known as Africa’s Global Bank. It has subsidiaries in 20 African countries and offices in London, Paris, and New York. In December 2021, UBA received its banking license to commence operations in the UAE. It is listed as a commercial bank by the Central Bank of Nigeria. The shares of stock of the group are listed on the Nigerian Stock Exchange, where they trade under the symbol: UBA. The Group Chairman of the bank is Tony Elumelu and the GMD/CEO is Oliver Alawuba.
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History of UBA
The British and French Bank Limited (BFB) commenced business in Nigeria in 1948. BFB was a subsidiary of Banque Nationale de Credit (BNCI) Paris, which transformed its London branch into BFB as a separate subsidiary. Banque Nationale de Credit and two British investment firms, S.G. Warburg and Company and Robert Benson and Company held shares in BFB.
Following Nigeria’s independence from Britain, UBA was incorporated on 23rd, February 1961 to take over the business of BFB.
In 1970, UBA listed its shares on the Nigerian Stock Exchange and became the first Nigerian Bank to undertake an Initial Public Offering (IPO).
Today’s UBA emerged from the merger of the dynamic and fast-growing Standard Trust Bank, incorporated in 1990, and UBA, one of the biggest and oldest banks in Nigeria. The merger was consummated on August 1, 2005, and was one of the largest mergers completed on the Nigerian Stock Exchange (NSE).
Following the merger, UBA further expanded its brand through acquiring Continental Trust Bank that same year. In 2006, UBA acquired Trade Bank, which was under liquidation by the Central Bank of Nigeria at the time.
UBA had another successful combined public offering rights issue in 2007 and made further acquisitions of three liquidated banks: City Express Bank, Metropolitan Bank, and African Express Bank. UBA also acquired Afrinvest UK, rebranding it UBA Capital, UK. The quest to build a strong domestic and African brand intensified in 2008 when UBA made further acquisitions of two liquidated banks: Gulf Bank and Liberty Bank.
UBA Customer Care Number In Ghana
Tel: +233 302 740 540
Email: [email protected]
MultiChoice Ghana Limited, No 8 Basko Lane Off George walker Bush Highway
030 268 3526
UBA Ghana – Head Office, phone
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