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Overview. United Bank For Africa is a large financial services group in Nigeria and on the African continent. As of December 2021, the group's financial assets were valued at ₦8.5 trillion (US$20.1 billion), with shareholders' equity of ₦724.1 billion (US$1.8 billion). At that time the group employed 20,000+ people. [9]
UBA Zambia was established in 2010, following successful start-ups by the parent company in Kenya, Uganda and Tanzania. UBA Zambia is the first UBA subsidiary to be established in Southern Africa. UBA Zambia promotes cashless banking and the use of internet banking products. Branch network
Website. www .ubauganda .com. United Bank for Africa Uganda Limited, also UBA Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. [3] UBA Uganda is a subsidiary of the United Bank for Africa, headquartered in Lagos, Nigeria, with a presence in twenty African countries ...
Aftertax:US$683,259 (KES:68 million) (H1:2016) [2] Number of employees. 70 (2016 [2]) Parent. United Bank for Africa. Website. www .ubagroup .com /countries /KE. United Bank for Africa Kenya Limited, commonly referred to as UBA Kenya, is a commercial bank in Kenya. It is licensed and supervised by the Central Bank of Kenya, the central bank and ...
v. t. e. Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that ...
The bank was founded by the state-owned National Commercial Bank of Albania (NCBA) and a group of Islamic investors. In 2000 NCBA was privatized and its 40% stake in UBA was acquired by the Ministry of Finance. In March 2009 the Ministry of Finance agreed to sell 40% of its shares to the Islamic Development Bank. References. Banks portal
The Nigerian banking industry of the early 1990s was led by a select group of four major banks: Union Bank, First Bank, UBA, and Afribank. Foundation. In 1990 Jim Ovia founded Zenith bank plc to compete with the existing four major banks. Zenith Bank was established in May 1990 and commenced banking operations in July of the same year.
The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959.
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