Pan-African banking group, United Bank for Africa (UBA) Plc at the weekend achieved another mile-stones at the annual Businessday Banking Awards, by winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture awards.
The first award, the “Best Bank in sub-Saharan Africa award is in recognition of UBA’s leadership role in expanding access to banking across Africa. UBA has operations in 19 African countries with subsidiaries in major regional hubs.
The bank also won the award for “Best Bank in Agriculture Financing”, for its consistent support to the agricultural
sector in Nigeria, a substantial part of its loan book being devoted to agriculture and related activities.
Speaking whilst receiving the awards on behalf of the bank, Charles Aigbe, Head of Communications, expressed his appreciation to the organisers of the award for the recognition of UBA’s unique role on the African continent, in driving financial inclusion as well as supporting the growth of critical sectors.
“Agriculture is pivotal to economic development in Nigeria and all of Africa. We are pleased with the recognition of our support to the sector. Our expansion to Africa has not only helped to diversify our earnings base, it has provided us with the opportunity to grow economies and partake in the development of Africa. We thank all stakeholders for their support and are encouraged to do even more” he said.
BusinessDay Publisher, Frank Aigbogun, in his remarks, emphasised that the BusinessDay Banking Awards is the product of a rigorous process by the publication’s Research and Intelligence Unit, designed to feed the editorial and also drive commercial research.
“Great institutions and leaders deserve to be recognised to boost healthy competition” Aigbogun said.
Governor of Lagos State Akinwunmi Ambode, who was represented by Femi Pedro, former Deputy Governor, noted that the banking awards inspires excellence and dedication in the industry.
“Corporate governance is critical and awards such as this drive home this point. We thank BusinessDay for painstakingly putting this event together” he said.