UBA Strengthens Pan-African Growth Drive, Reaffirms Dividend Commitment and Resilience
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its commitment to delivering sustainable long-term value to shareholders and stakeholders, as it continues to benefit from robust investments in digital platforms and expanded market presence across Africa and beyond.
Speaking during the 2025 Half-Year Investors’ Conference Call at the Group’s Head Office in Lagos, following the release of its results for the half year ended June 30, 2025, the Group Managing Director/Chief Executive Officer, Oliver Alawuba, emphasized that UBA’s diversified business model and strong regional presence will continue to drive growth and shareholder returns.
Alawuba noted:“UBA is present in 20 African countries—19 outside Nigeria—and these markets are performing exceptionally well. In many of them, we are a systemic bank. Our African subsidiaries contributed 53% of our profit before tax in the first half, and we expect this momentum to continue.”
He added that the bank remains focused on tapping growth opportunities across Africa while investing in talent, innovation, and customer-centric solutions to strengthen its leadership in the financial services sector.
Addressing dividend expectations for the year, Alawuba assured investors:
“Based on our current performance, we are confident of paying a competitive dividend for the full year.”
UBA delivered strong top-line growth in the first half of 2025:
• Gross earnings rose 17.28% to ₦1.61 trillion (June 2024: ₦1.37 trillion).
• Interest income grew 32.89% to ₦1.33 trillion (June 2024: ₦1.00 trillion).
• Total assets increased 9.71% to ₦33.3 trillion (Dec. 2024: ₦30.3 trillion).
• Customer deposits expanded 11.96% to ₦27.6 trillion (Dec. 2024: ₦24.7 trillion).
Highlighting the bank’s ongoing investments, Alawuba stressed that technology remains central to UBA’s strategy:
“We are leveraging digital channels and solutions to diversify income streams, enhance customer experience, and reinforce our position as the preferred financial partner for over 45 million customers worldwide.”
Echoing this, UBA’s Executive Director, Finance and Risk Management, Ugo Nwaghodoh, noted that the bank’s diversified African operations continue to serve as a strong buffer against local shocks.
“Our growth strategy is anchored on resilience, innovation, and value creation—empowering customers, supporting communities, and driving economic progress across Africa and beyond,” he said.
About UBA
United Bank for Africa Plc is one of Africa’s leading financial institutions, employing over 25,000 staff and serving more than 45 million customers globally. With operations in 20 African countries, as well as the United Kingdom, United States of America, France, and the United Arab Emirates, UBA provides retail, commercial, and institutional banking services, driving financial inclusion and deploying cutting-edge technology to connect people and businesses across borders.
