Images As Tony Elumelu Tells 5 Things UBA Group Achieved In 2023
Frontline businessman and chairman of United Bank for Africa, Tony Elumelu has touched on remarkable feats the Africa’s global bank achieved in 2023.
Speaking at the 62nd Annual General Meeting of the financial institution, Mr Elumelu said: “Nothing gives me greater joy than informing shareholders of the great feats their bank achieved in 2023”.
The AGM of the bank that kicked off activities marking its 75th Anniversary earlier in the week (Monday, May 20, 2024), was held on Friday, May 24, 2024.
Highlighting the bank’s achievements in the year 2023 in a post across his social media handles with the title “TODAY MARKED ANOTHER IMPRESSIVE MILESTONE FOR UBA GROUP”, Mr Elumelu wrote….
Earlier this week, we kicked off activities to mark UBA’s 75th anniversary, and today, the Group held its 62nd Annual General Meeting, presenting its financial statements to its shareholders for the year 2023.
Nothing gives me greater joy than informing shareholders of the great feats their bank achieved in 2023:
- UBA delivered another very strong year, generating gross revenue of 1.78 trillion Naira and profit after tax of 609.7 billion Naira. We successfully sustained our deposit mobilisation efforts, growing total deposit of your bank by 100% from about 9 trillion to 18 trillion.
- Leveraging our African footprint, in a historic partnership with the African Continental Free Trade Area, UBA pledged up to USD 6 billion in financing our small and medium-scale enterprises across Africa over the next three years to empower this strong engine of growth for Africa.
- UBA has trained and graduated 1,100 young Africans from the UBA Academy in two phases. The young talents have now been employed by UBA and are equipped to help UBA succeed. But more importantly, we are preparing them for the future and helping them to enjoy the kind of career progression that some of us, including me, had when we were growing in this sector.
- In 2023, UBA received nine prestigious awards at the Bankers Awards organized by the Bankers Magazine, a publication of the Financial Times of London. UBA subsidiaries in 8 of the 20 African countries we operate in also emerged as Bank of the Year.
- UBA’s vision to expand its operations globally has been a challenging yet remarkably rewarding feat. Today, UBA operates in four continents, encompassing 20 African countries, the UK, USA, Europe, and the UAE. Our audacious expansion strategy has paid off, with our subsidiaries contributing largely to the Group’s total income. We are truly Africa’s Global bank.
I want to express my deepest appreciation for the tireless efforts of our Board, management, and entire staff. Your commitment to exemplary service and dedication ensures that we deliver shared value. Thank you very much.
To our loyal customers, you are the very reason we exist. We are eternally grateful for your trust and continued patronage.
And finally, to our discerning shareholders and investors, you have placed your faith in our vision. We thank you for your continued support. Your belief in UBA motivates us to excel and deliver long-term value for everyone involved.
