Africa: UBA Strengthens Pan-African Expansion to Deliver Long-Term Value

United Bank for Africa Plc (UBA) has reaffirmed its commitment to delivering sustainable long-term value to shareholders and stakeholders while accelerating its pan-African growth strategy.

Speaking at the bank’s 2025 Half-Year Investors’ Conference Call, Group Managing Director/Chief Executive Officer, Oliver Alawuba, emphasized that UBA’s diversified business model and strong presence across key African markets will continue to generate substantial financial returns for investors in the current year and beyond.

The call followed the release of UBA’s financial results for the half-year ended June 30, 2025, which showcased solid growth across key performance indicators.

“UBA is present in 20 African countries, 19 outside Nigeria, and in many of these markets, we are a significant systemic bank. The contribution of our African operations to profit before tax has risen to 53 percent, and we expect this to grow further,” Alawuba stated. “We see vast opportunities across Africa, and we are proactively investing in these markets—expanding our products, services, and talent pool to unlock value.”

On dividend outlook, Alawuba assured investors that UBA remains well-positioned to deliver competitive payouts, supported by strong fundamentals.

The bank reported gross earnings of ₦1.61 trillion, a 17.3% increase from ₦1.37 trillion in June 2024. Interest income surged 32.9% to ₦1.33 trillion, while total assets climbed 9.7% to ₦33.3 trillion. Deposits also grew 12% to ₦27.6 trillion, reflecting continued customer confidence and business momentum.

Alawuba also highlighted UBA’s ongoing investments in technology and innovation as critical to driving efficiency, expanding digital income streams, and strengthening customer experience for its over 45 million customers worldwide.

Echoing this, Ugo Nwaghodoh, Executive Director of Finance and Risk Management, noted that the bank’s diversified African operations act as a strong buffer against local economic shocks.

“Our interconnected operations reinforce UBA’s position as Africa’s global bank. With resilience, innovation, and value creation at the core of our strategy, we remain focused on empowering customers, supporting communities, and driving economic progress across the continent and beyond,” he said.

UBA, one of Africa’s largest employers with over 25,000 staff across its network, continues to solidify its reputation as a pan-African leader, balancing robust financial performance with sustainable impact.