UBA targets $20tr revenue in 25 years, unveils Time Capsule
As part of activities to mark its 75th anniversary of delivering excellent services and driving global impact, Africa’s Global Bank, United Bank for Africa (UBA) Plc, yesterday unveiled the UBA Time Capsule as well as a Tribe Photo Wall. The UBA time capsule brings together objects or information from the past 75 years that will […]
Group Managing Director/CEO, Mr. Oliver Alawuba and Group Deputy Managing Director, Mr. Muyiwa Akinyemi, during the unveiling of UBA Time Capsule and Tribe Photo Wall, part of year-long activities to celebrate 75th Anniversary of United Bank for Africa(UBA), in Lagos on Thursday
As part of activities to mark its 75th anniversary of delivering excellent services and driving global impact, Africa’s Global Bank, United Bank for Africa (UBA) Plc, yesterday unveiled the UBA Time Capsule as well as a Tribe Photo Wall.
The UBA time capsule brings together objects or information from the past 75 years that will be preserved for future generations to discover and learn more about the history of the global financial institution, that has grown from a small office in Lagos, Nigeria to a financial giant with tentacles in 20 African countries as well as four key financial capitals of the world – London, Paris, America and Dubai.
UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, who spoke during the unveiling and ribbon cutting ceremony at the UBA Head Office on Thursday, also said the bank plans to grow its revenue base from the current $20bn to $20tr in the next 25 years.
He said, “We are driven by innovation in UBA, and what we have achieved now is minimal to what we plan to achieve when UBA is 100 or 150 years old. As of now, UBA is in 24 countries, and in the next 25 years, we will see UBA in 100 countries.
“Our current revenue base which stands at $20bn, we hope to increase to over $20tn in the next 25 years, and in that time, we also hope to be one of Top 10 banks in the whole world, because we know that the future of the world is Africa, and the future of Africa is UBA.”
He explained that the Time Capsule as well as the Tribe’s Photo wall were set up to celebrate the dedication, innovations, and partnerships forged by the bank over the past seven decades as it continues to provide solutions to over 45 million customers worldwide.