The Lion King | 31
News Round Up
UBA Partners Nigeria Police on
Anti-crime Campaign
UBA Maintains
60% Liquidity
Ratio, surpasses
minimum
requirements
for SIBs
UBA Investor Services is Nigeria’s Custodian Bank of
the Year
T
he Nigeria Police Force
(NPF) supported by
UBA, recently unveiled
an electronic anti-crime
sensitisation campaign
jingle to air on national radio
stations.
The anti-crime sensitization
campaign is part of the NPF’s
innovative effort to address
the security challenges in the
country.
The radio jingle, which comes
in both Standard English and
Pidgin English versions, is
targeted at Nigerians from
all walks of life and will run
simultaneously in several radio
stations across the country.
Speaking at the unveiling
ceremony, GMD, Phillips
Oduoza said “It is our belief, in
UBA, that business would thrive
when there is peace and
security. This initiative will help
improve national security for
every Nigerian”.
While commending UBA for
collaborating with the Police,
the Inspector-General of Police
(IGP), MD Abubakar, called on
other private and corporate
bodies to also help the Police
provide a safe and secure
environment for economic and
business activities to thrive.
E
ight banks including UBA have
been identified as Systemically
Important Banks (SIBs) that must
not be allowed to fail. Consequently,
the banks are expected to maintain
liquidity ratios of not less that 35%.
UBA however, has one of the highest
liquidity ratios in Nigeria as shown
in the third quarter results with a
liquidity ratio of 60%, almost twice
the minimum required by the CBN.
United States based investment
bank, JP Morgan, in its October
2013 report on the Nigerian banking
industry, strongly recommended
the bank’s shares to investors stating
that “UBA offers an attractive 45%
upside potential over 12 months,
among the highest in CEEMEA
banks”.
The report cited UBA’s “significant
balance sheet liquidity” as one of
the strengths of the bank which
makes its shares a good buy, noting
that the bank’s loan to deposit
ratio of 37% as at half year 2013 was
the lowest among CEEMEA banks
covered by the investment bank.
U
BA Investor Services has emerged as
‘Custodian Bank of the Year’ in the Nigerian
banking industry.
The award was bestowed on UBA Investor Services
at the 2013 Finance Awards by Acquisition
International, an International financial research
and investor information magazine, based in the
United Kingdom.
In a letter of commendation, Charlotte Abbott of
Acquisition International magazine, said, “These
independent legitimate awards chosen by our
readership set the benchmark in the finance
industry and as an esteemed winner of Custodian
Bank of the Year, Nigeria, you can now boast of
being the very best in your financial field”.
Taiwo Sonola, Head, UBA Global Investor Services,
described the award as another landmark
achievement which underscores the increasing
confidence UBA enjoys in the global custody
arena.
L-R: DMD, Kennedy Uzoka; Inspector-General of Police, MD Abubakar; Emem Etuk,
Directorate Head Abuja Bank and GMD/CEO, Phillips Oduoza at the unveiling
ceremony in Abuja, Nigeria
