Today’s United Bank for Africa Plc (UBA) is the product of the merger of Nigeria’s third (3rd) and fifth (5th) largest banks, namely the old UBA and the erstwhile Standard Trust Bank Plc (STB) respectively, and a subsequent acquisition of the erstwhile Continental Trust Bank Limited (CTB). The union emerged as the first successful corporate combination in the history of Nigerian banking.

Our history dates back to the founding of the old UBA in 1961, and the erstwhile STB and CTB both in 1990. Although today’s UBA emerged at a time of industry consolidation induced by regulation, the consolidated UBA was borne out of a desire to lead the domestic sector to a new era of global relevance by championing the creation of the Nigerian consumer finance market, leading a private/public sector partnership at supporting the acceleration of Nigeria’s economic development, and growing the institution from a banking to a one-stop financial services institution, while spreading its footprints across Africa to earn the reputation as the face of banking in the continent.

Today, the consolidated UBA is the largest financial services institution in West Africa with a balance sheet size in excess of One Trillion Naira (under USD8b) and more than  six million (6m) customer accounts, operating out of the 2 most vibrant economies in the sub-region – Nigeria and Ghana.  It has over six hundred and thirty (630) retail distribution centres across Nigeria, its main operational base, and 8 branches in Ghana.  Outside Africa, it also has presence in New York and Cayman Island.