Fidelity bank banner Camano banner
UBA clinches PEARL, New Telegraph awards for impressive performance

By News Express on 29/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 895

•UBA GMD/CEO Kennedy Uzoka
•UBA GMD/CEO Kennedy Uzoka

Pan-African financial institution, United Bank for Africa (UBA) Plc, last weekend carted away two key industry awards emerging the Winner of the 2017 Sectoral Leadership Awards – Financial Services (Banking) organised by the PEARL Awards; as well as the Bank CEO of the Year 2017 which was organised by New Telegraph newspapers.

UBA triumphed over Guaranty Trust Bank Plc (first runner-up) and Zenith Bank Plc (second-run) to win the PEARL sectoral leadership award as a result of the bank’s outstanding operational and stock market performance in the 2016 year of assessment. The bank emerged winner based on verifiable facts and figures.

It has indeed been a fruitful year for UBA as the 2016 financial year end result showed that the bank emerged largest in both profitability and assets size in Nigeria, controlling an estimated 10% market share in deposits. Also, its subsidiaries in the rest of Africa accounted for a notable 31% of the total earnings of the Group over the same period. Earlier in the year, the bank had successfully raised $500 million through a debut Eurobond, which was 240 per cent oversubscribed.

All these contributed to a scramble for UBA’s share, which in turn increased the bank’s share price currently standing at about N9.90, representing a rise of over 165 per cent or N6.16 per share compared to N3.74 per share recorded in 2016. According to the organisers of the PEARL awards, it is this performance as well as other indicators that led to the bank’s selection for the coveted awards.

The PEARL Awards Nigeria, endorsed by the Securities and Exchange Commission  is one of Nigeria’s foremost award recognition bodies, focused on rewarding corporate excellence in local institutions and promoting healthy competitiveness amongst quoted companies through growth, diversification and innovation; ultimately leading to improved performance on the Nigerian Stock Exchange.

In the same vein, the Group Managing Director/CEO, UBA Plc, Mr. Kennedy Uzoka, who was recognised for his various achievements since he took on the leadership role at UBA was selected as the Bank CEO of the Year 2017, by New Telegraph Newspapers.

In his remarks on the award, Uzoka, while expressing his delight at the nomination, added that it remained a humbling experience for him to be selected for the honourable award. He also stated that the award is a call for him to do even more to ensure that UBA’s customers are prioritised in the bank’s activities.

He said: “I want to express my delight with this recognition. It goes to show that the effort that myself and my team have put in throughout the year has been totally worth it. I also congratulate all my colleagues because this recognition is not just for Kennedy but for the entire staff of UBA.”

Source News Express

Posted 29/11/2017 6:57:33 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Why FG’s school feeding programme is yet to...

World’s biggest fertilizer company to invest in Bauchi...

World Bank to SERAP: We have searched our...

Abia gov seeks BoI intervention in shoe making...

US economy expands at 3 percent rate in...

What is the worth of a Nigerian migrant’s...

NCC seals Nokia-Alcatel office for illegal operation

Democratic institution-building and APC’s internal dynamics, By Salihu...

Massive crowd greets PDP’s road show in Anambra...

NUT condemns Ogun teachers

BREAKING NEWS: Buhari absent from FEC meeting again...

Ugwuanyi probes Enugu intra-communal crisis

 

Latest News Presidency: Buhari’s victory will be shortlived – Saraki Gunmen kill 10 in Benue community 2 policemen kill NSCDC personnel Groups demand 50 pct of NNPC vacancies for PTI graduates No plan to increase VAT by 50 per cent: FIRS PDP holds emergency NEC Meeting over supplementary polls Atiku meets Southern and Middle Belt Elders Forum, seeks support to beat Buhari at Election Petition Tribunal FEC approves N27.4bn for victims of flood, conflict and insecurity 47 parties challenge Ihedioha’s election as Imo Governor INEC under pressure to influence supplementary poll — Benue youths •Launch protest PDP, Wike call for conclusion of elections in Rivers and Bauchi Police foil robbery attempt in Lagos, kill two

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (460,670 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (410,299 views) Shameless Genevieve Nnaji exposes breasts in public (346,197 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (297,126 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (261,444 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (236,394 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (222,500 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (204,217 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (192,536 views) 10 cars more expensive than Jets (177,041 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (176,850 views) Lagos plane crash: Journalist releases victims’ names (175,699 views)

 

NLNG call for entries

CBN banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (81) Business & Economy (4,094) Business Verdict (60) Columnists (1,007) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (596) Features (725) Global Business Monitor (327) ICT Monitor (23) International (3,199) Interview (174) Live Commentary (28) Love Matters (153) Maggie's Blog (189) News (44,064) Opinion (1,204) Pidgin (17) Politics (10,283) Religion (960) Sports (1,924) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera