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1997 Standard Trust Bank (STB) commences operations
1998
First Nigerian bank to issue Global Depository Receipts (GDRs)
2004 STB Ghana established
Tony O. Elumelu, GMD/CEO addressing shareholders at UBA’s post-merger AGM.
A NEW UBA IS BORN
“Today’s UBA is an amalgamation of old STB and UBA – a fusion of legacy, strength, and dynamism, agility and new energy,” says Tony Elumelu, the Chairman of United Bank for Africa Plc.
In January 2005, the merger of United Bank
for Africa Plc with Standard Trust Bank Plc was announced and by July 2005 the two banks had been effectively merged in what was described as the biggest merger in the history of Nigeria’s capital markets at that time. The new United Bank for Africa Plc took off on
1 August 2005 as Nigeria’s first mega bank. According to a press release by the bank, “Apart from its record as the first successful merger in the ongoing banking consolidation, the consolidated UBA’s aggregate financial and non-financial strength clearly ranks it above its peers in the industry. With a network of over 425 business offices across the country, a balance-sheet size of over N600 billion, and an active customer base of over 2 million, United Bank for Africa Plc ranks as the biggest online, real-time bank in Nigeria and indeed sub-Saharan Africa.”
From then, UBA commenced its pan-African expansion strategy, which has led to its pres- ence in Republique du Benin, Burkina Faso, Cameroun, Congo Brazzaville, Congo DRC, Cote d’lvoire, Gabon, Ghana, Guinea, Kenya, Liberia, Mali, Mozambique, Nigeria, Senegal, Sierra Leone, Tanzania, Tchad, Uganda and Zambia.
Today, UBA plays a leading role in private and public sector partnerships aimed at supporting the acceleration of Africa’s economic devel- opment, and with operations in the United States of America, the United Kingdom and presence in France, UBA’s remarkable African footprint makes it the bank of choice for Africans and African businesses as well as play- ers in the global and other emerging markets.
2005
UBA merges with STB in what is the biggest merger in the history of Nigeria’s capital markets
Continental Trust Bank acquired New UBA management team constituted
During UBA’s Premium Board listing on the Nigerian Stock Exchange in 2017. L-R: Tony O. Elumelu, Chairman UBA Plc; Oscar Onyema, CEO, NSE and Kennedy Uzoka, GMD/CEO, UBA Plc.
2014- 2015
UBA Tchad and Senegal awarded Bank of the Year by The Banker Magazine
Wins Africa Investor (Ai) Social Infrastructure Deal of the Year award
2017
Successfully raises $500m through a 5-year senior unsecured debut Eurobond
Achieves Premium Board listing on the NSE
POST-MERGER
Named Africa’s Best Digital Bank by Euromoney
Establishes subsidiary in Mali
2018
UBA Capital (Europe) Limited receives its Wholesale Banking licence to commence full banking operations in the UK as UBA UK Limited
Launches the first Artificial Intelligence virtual banking Bot, Leo, on Facebook
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