12 •
The Lion King
• July - September 2017
Business
UBA New York – Unlocking Value
through local expertise
U
nited Bank for Africa New York (UBANY), the only sub-
Saharan bank present in the United States of America,
is located in the heart of New York City, a global
financial centre and the clearing hub for the US Dollar.
Established in 1982 as a representative office in New York,
UBANY was granted a Federal banking license to operate
as a federal branch in 1984. The bank therefore has more
than 33 years of good standing in the United States.
A Federal banking license confers the same powers and
privileges, and is subject to the same duties and limitations,
as a U.S. national bank. As such, UBANY is subject to rigorous
regulatory examination by two regulators known for their
comprehensive oversight - the Office of the Comptroller of
the Currency (OCC) and the Central Bank of Nigeria (CBN).
In fact, the bank is required to submit regular reports to the
Federal Reserve Bank of New York. This is also a form of assur-
ance to all its partners of the integrity of its reporting and
By Nonso Nduanya
adherence to regulations.
UBANY is a part of UBA Plc and has a Capital Equivalency
Deposit held in (“AAA” rated) financial obligations of the U.S
government which provides additional security on obliga-
tions to 3rd parties. UBA Plc has a capital base of $1.3 billion,
impressive financial ratios and credit ratings.
FINANCIAL RATIOS
Parameters
Regulatory UBA
Liquidity Ratio
30.0%
41.4%
Loan/Deposit Ratio
80.0%
66.7%
Capital Adequacy Ratio 15.0%
19.4%
NPL Ratio 5.0%
1.6%
Photo Credit: ‘Gboyega Ade-Festus
