Not surprisingly, United
Bank for Africa (UBA) Plc
has been on the buy list of
a lot of financial analysts
in the last 12 months.
10 •
The Lion King
• January - March 2016
BY ANTHONY OSAE-BROWN
WHY UBA IS A GOOD
STOCK TO “BUY” NOW
D
espite the challenging eco-
nomic environment globally, the
pan-African financial services
group has shown significant resilience
in its 2015 financial performance beat-
ing the already positive forecasts of
many financial analysts.
The bank’s full year 2015 financial
results shows earnings rose 10% to a
new high of N315 billion from N287
billion in the corresponding period
of 2014. The bank’s net operating
income also rose by a 10% to a new
high of N205 billion in December 2015
from N186 billion in December 2014.
Phillips Oduoza, the Group Managing
Director and CEO of UBA Plc,
explained how the results have been
