Africa Matters

UBA Expands Reach: New Saudi Arabia Subsidiary Marks Continued Commitment to Africa’s Growth

By Edson Baraukwa | Africa Guardian United Bank for Africa (UBA) Plc, a leading Pan-African financial institution, is set to establish its second Gulf Region subsidiary in Saudi Arabia, following its successful expansion into the United Arab Emirates in 2022. The new subsidiary, expected to launch within the next year, underscores UBA’s commitment to connecting Africa with the Middle…

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United Bank for Africa posts 18% growth in earnings as profit hits over $106mln

The bank’s total assets also rose by 4.1% United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross earnings rose by 18.3% from $370mln (N155.4bln) in 2021 to $437mln…

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