UBA Customer Loans Increased To N2.83 Trillion In 2021 – Elumelu

THE Chairman of United Bank for Africa, Tony Elumulu, stated on Thursday that the firm was able to drive down its non-performing loans to a historic low of 3.6 percent in 2021, despite the bank’s loan book growing to N2.83 trillion in the same year. He announced this in the bank’s 2021 Annual Report and Accounts, which were issued at the bank’s 60th Annual General Meeting in Abuja. Elumelu informed shareholders and investors that the bank was committed to maintaining its present growth trajectory, adding that its efforts to diversify its operations across Africa and beyond had continued to deliver […]



UBA Aims For A 25% Consumer Lending Portfolio

The United Bank of Africa (UBA) has announced a goal to rapidly expand its consumer lending portfolio from 10% to over 25%. Increasing consumer loans, according to the bank, would be a critical accelerator for inclusive economic growth. Mr. Anant Rao, Group Head Consumer Lending, stated this yesterday during a virtual media briefing on the topic of “Stimulating Nigeria’s Economic Growth and Impacting People’s Lives.” He also announced the bank’s re-launch of its ‘Click Credit’ service, which now includes a new feature that allows users to get loans in three minutes. “Our guiding principle, which I just want to stress[…]



Ten Customers Win 1 Million Naira Each In The UBA Savings Promo

United Bank for Africa (UBA) Plc, a pan-African financial institution, has rewarded ten of its loyal customers with a total amount of N10 million in the current UBA Savings Promo’s quarterly draws. This promo, which is held every quarter, is designed to thank the bank’s long-term customers and to provide new opportunities for potential and intending customers to join the increasing number of UBA millionaires who have previously benefited from many promotions. The virtual and clear electronic draw, which took place on Friday, was broadcast live through Zoom and the Facebook platform in strict accordance with the Federal and Lagos[…]