30 •
The Lion King
• April - June 2015
UBA News
| News Roundup
MD, UBA Uganda, Mr. Wilbrod Owor (R) exchang-
ing partnership agreements with MD, Umeme
Limited, Mr. Selestino Babungi
UBA Tanzania Launches U-Mobile
UBA Sierra Leone profit impressive
despite EVD challenges
UBA Uganda
signs payments
deal with power
distributor
UBA ranked as having the most
productive workforce in 2014
UBA Uganda and Umeme Limited,
Uganda’s leading power company
have announced a partnership deal
which will enable the bank’s subscrib-
ers prepay their power bills through
mobile phones and over the counter
without any charges.
Mr. Wilbrod Owor, the MD/CEO, UBA
Uganda, explained that the arrange-
ment will give the bank’s customers
access to the most innovative and
convenient way of settling their power
bills.
Speaking about the partnership, Mr.
Selestino Babungi, the Managing
Director of Umeme, said the partner-
ship will improve customer experience
since it gives Umeme access to UBA
network of branches.
UBA has been ranked as having
the most productive workforce
in Nigeria with the highest value
added per employee in 2014.
UBA Sierra Leone on May 8, 2015
published its 2014 full year audited
financials following approval from the
Central Bank (BSL).
The bank’s approved financial state-
ment shows a Profit Before Tax (PBT)
of Le12.2bn and a Profit After Tax of
Le8.6bn.
The bank recorded a 6% growth in
gross earnings to Le31bn. Despite the
Ebola challenge, customer depos-
L-R: Country Manager, Infobip, Dinko Svetic; COO, UBA Tanzania, Chris Byaruhanga; Chairman, UBA
Tanzania, General Robert Mboma; MD/CEO, UBA Tanzania, Demola Ogunfeyimi and Head of Retail
Products, Julius Konyani at the launch of U-Mobile
UBA Tanzania has launched U-Mobile
in Tanzania to provide customers an
innovative solution to their banking
needs.
In a ceremony held at the bank’s
headquarters in Dar es Salaam on
Wednesday, April 22, 2015, UBA
became the first bank in Tanzania
to have its mobile banking services
accessible on two different platforms;
as a Mobile App download for smart
phones and also accessible through
USSD (Unstructured Supplementary
Services Data) code format, avail-
able to all subscribers with the code,
*150*70#.
The launch ceremony had in atten-
dance staff and customers of the
bank.
its in the bank remained stable at
Le157billion.
“Notably, Non-performing Loan ratio
remains one of the best in the industry
at 1.6% as we responsibly grew quality
risk asset,” said the MD/CEO, Ndubuisi
Ejiofor.
UBA Sierra Leone was also able to
grow shareholders’ funds with a capi-
tal adequacy ratio above regulatory
requirement.
This ranking is contained in a research
report by Thaddeus Investment
Advisors & Research Ltd. The report
shows that UBA emerged top in
2014 to reclaim its position hav-
ing been 1st in 2012, 2nd in 2013
and 1st again in 2014. The report
notes that the last time UBA ranked
number one, the bank’s stock had
the best investment return for 2013
among banks with a 94 per cent
appreciation of its share price.
