UBA shareholders’ funds remained strong at N809bn up from N805bn recorded in December 2021, reflecting a strong capacity for internal capital generation and growth.
Commenting on the result, the Group Managing Director/Chief Executive Officer, UBA, Mr Oliver Alawuba, said the group continued to show notable operating resilience amid significant headwinds in its presence markets amidst heightened global risk environment. Its strong diversification model and unwavering focus on customer satisfaction continued to give the bank an edge over its peers in the industry, he said.
He said, “We continue to reap the benefits of our diversification strategy and customer -1st philosophy and build resilience in our operations across Africa and the rest of the world to support the mission of providing superior value to our stakeholders. “This has translated into strong financial gains evident in growth in our customer deposits and Net interest margin. In addition, we are strategically positioned to drive our market share in our operating countries, with the strong growth of our payments and transaction banking offerings.”All rights reserved.
This was amassed from illegal deductions of it's customers savings.
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