UBA’s diversified business model, enhanced digital platforms key to financial gains – Uzoka

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United Bank for Africa Plc is Africa’s global bank with apresence in the United States of America, the United Kingdom andFrance and more recently the United Arab Emirates

Plc, has assured its shareholders and investors of excellent performance in the 2022 financial year, as the bank continues to deepen its foothold to reap the benefits of itsscope over the past few years., noted that, together with its diversified business model and keen ventures into key markets in Africa and beyond,

remains one of its best growth strategies as seen from the huge contribution of its subsidiaries into the business in the last financial year. Breaking down the full year 2021 financial results to the investors, Uzoka pointed out that gross earnings rose significantly to N660.2 billion representing an increase of seven percent compared to N616.8 billion recorded at the end of the 2020 financial year, whilst total assets grew by 11 percent to an unprecedented N8.5 trillion in the year under review, up from N7.7 trillion in 2020, marking the first time the Bank’s assets will cross the N8 trillion mark.

 

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