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UBA H/Y Result Excites GMD, Declares 20k Dividend

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The Group Managing Director/Chief Executive Officer of United Bank for Africa, UBA Mr. Kennedy Uzoka, has expressed delight over the bank’s performance in the first half of the year just as the bank has declared an interim dividend of 20k per share. He explained that the performance was beyond the expectation of the bank judging by the prevailing economic realities.

According to him,, “This has been a strong first half for us, as global economic recovery exceeded expectations, creating a positive rub-off on consumer and corporate confidence, savings and investment activities. We saw this positively impact our business, as we continued to leverage our key strategic levers – People, Process and Technology, and our Customer 1st Philosophy, to revolutionise customer experience at UBA.”

Besides the news that UBA would pay an interim dividend of 20k, he added that the bank’s investment in the Rest of Africa (Excl. Nigeria) continues to yield good results for the group.

I; “The benefits of pan-African business diversification accruing to the Group is once again evident, with gross earnings and interest income growth of 5.1per cent and 8.3per cent respectively, despite the low yield environment in our largest market, Nigeria.  

“We are making remarkable progress on our strategy that is progressively positioning UBA as the bank of choice on the continent, driven by our emphasis on tech-led innovation and best customer experience.”

 In line with its culture of paying both interim and final cash dividend, the Board of Directors of UBA declared an interim dividend of 20kobo per share for every ordinary share of 50kobo each, held by its shareholders.

According to the lender,  in line with its culture of paying both interim and final cash dividend, the Board of Directors of UBA Plc declared an interim dividend of 20kobo per share for every ordinary share of 50kobo each, held by its shareholders.

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