United Bank for Africa (UBA) Plc has been awarded the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture at the annual BusinessDay Banking Awards.
The bank was named the best bank in sub Saharan Africa in recognition of its leadership role in expanding access to banking across the continent.
UBA which has operations in 19 African countries with subsidiaries in major regional hubs, 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 while 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 the unique role UBA is playing 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.
Frank Aigbogun Publisher, BusinessDay, Nigeria’s leading business newspaper emphasised that the BusinessDay Banking Awards is the product of a rigorous process by BusinessDay’s Research and Intelligence Unit, designed to feed the editorial and also drive commercial research.