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BUSINESS
Taking
Stock;
The Power of Vision and Execution
BY ABIOLA RASAQ
United Bank for Africa Plc (UBA) was established in 1961, following its incorporation and assumption of
the assets and liabilities of the British and French Bank Limited. In 2005, it merged with Standard Trust Bank Limited in a historic business combination. It was
a merger of a “large” enterprise with
a “smart, agile and innovative peer, leading to UBA’s foray into Africa. In pursuit of the founding vision of UBA, to be Africa’s Global Bank, with dominant presence in Africa and the key global financial centres, the new Management expanded the operations into Africa, leading to today’s leadership of UBA,
as a truly Pan-African bank, pioneering innovations and stimulating growth
on the continent. From one country operation, UBA’s brand has become systemically important in 20 African
26 | The Lion King | Commemorative Edition | January - April 2019