NewsExpress advert FCMB 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: 474

•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+



REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Tansian University vows to become the Harvard of...

Intersociety mobilises for the trial of Boko Haram...

APC Board of Trustees member drowns in Abuja...

FG assures Nigerians of improved electricity supply

Ukah enjoins youths not to abandon their roots,...

FG saves N120bn from ghost workers

Economic recession: Lawmakers reject calls for sale of...


Soldiers in trouble for molesting cripple

Police offer N50m ($300,000 or £177,000) reward for...

SERAP asks court to compel FG to publish...

Nigeria begins to explore green alternative for food...


Latest News Notorious gunrunner, other suspected crime chiefs fall into DSS net Buhari should have fired IGP Ibrahim Idris — Retired Army Colonel Putin coasts to victory, seals another six-year term as Russian President Troops nab 12 violent herdsmen in Benue Bank customers reduce despite CBN’s campaign for financial inclusion Soyinka, Nwabuaze, Clark, Ezekwesili to address Grand National Summit in Abuja Hope, apprehension as UTME winds down Biafra: Adhere to Ohanaeze’s advice, BSO tells IPOB Konga appoints corporate guru Ijogun as Chairman Cabal collecting our late father’s salary in Kogi State: Children of deceased Director Police cautions Lagosians against unauthorised protest Fidelity Bank promotes financial literacy to 3,500 students in 31 schools across Nigeria


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (332,196 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (324,815 views) Shameless Genevieve Nnaji exposes breasts in public (260,596 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (214,181 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (197,867 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (192,222 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (167,515 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (150,276 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (143,037 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (133,047 views) Lagos plane crash: Journalist releases victims’ names (132,470 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (125,752 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business & Economy (2,971) Business Verdict (36) Columnists (814) Complaints & Requests (94) Enterprise & Opportunities (206) Entertainment (455) Features (552) Global Business Monitor (238) International (1,855) Interview (146) Live Commentary (28) Love Matters (114) News (33,709) Opinion (895) Pidgin (10) Politics (4,622) Religion (700) Sports (1,457) Stock Watch (28) AMA & Al Jazeera Global Update





Football Highlight -- BARCELONA - CHELSEA 3:0


APO Group Partner




REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera