UBA Ghana Brings In 11% Of Company’s Group Income
UBA Ghana, the Ghanaian branch of United Bank for Africa (UBA) Plc, is being applauded for contributing %11 of the group’s overall income.
At the end of the 2020 financial year, UBA’s profits grew remarkably by 27.7 percent to N113.8 billion (GHS 1.59 billion), compared to N89.1 billion (GHS 1.25 billion) recorded at the end of the 2019 financial year, whilst profit before tax was impressive at N131.9 billion (GHS 1.85 billion), compared to N111.3 billion (GHS 1.56 billion) at the end of the 2019 financial year.
UBA Group Chairman, Tony O. Elumelu, speaking to shareholders at the 59th Annual General Meeting at the UBA Head Office, on Thursday April 1, 2021, assured shareholders and investors of greater returns in the coming months, with the bank having established a diversified business model that ensures impressive performance even in periods of uncertainty, across its geographical network.
“We spearheaded strategic investments in our digital banking and technology platforms to further promote self-service banking; we have also focused on enhancing the capabilities of our people through various online capacity development programmes,” Mr Elumelu said.