Acrosssectionofparticipants
UBABoardmembers
April - June 2017 •
The Lion King
• 33
UBA SOCIETY
nectivity; asset quality and value cre-
ating returns, and benefits efficiency
as some of the key success factors of
a pan African bank.
On the back of this disclosure, the
GMD, Kennedy Uzoka as well as his
management team came up with
some strategies expected to boost
consistent growth in the coming years
and ensure that the bank takes its
pride of place as a truly pan African
financial institution. He explained
that regular dialogue between Risk
Management, Wholesale Banking
Heads, GH, Global Financial Institutions
remained essential to focus on areas
around project-funding opportuni-
ties for subsidiaries to ensure com-
petitiveness of the bank’s business and
improve its balance sheet.
He also intimated on plans to utilize
the Fitch rating of subsidiaries as a
platform to raise financing, adding
that steps must be taken by all subsid-
iary heads to ensure that the subsidiar-
ies become systemically important in
UBA presence countries by 2020.
“The bank will consciously address the
wrong perception of being simply a
“Nigerian bank” and establish itself
as a strong pan African organization,
therefore, data on the scope of oper-
ations via the 18 African Subsidiaries
and presence in U.S.A, France and UK
(including achievements, profitability,
etc.) will be included in all investor
presentations in order to project UBA’s
Pan-African attractiveness.”
The forum ended on a high note as
the chairman thanked all the partici-
pants who had come from across the
continent and who had contributed
to the 3 day session.
