Meet “Leo”, The Robot In Charge Of UBA Facebook Chat For E-Banking - Business - Nigeria
The Group Managing Director, UBA, Mr. Kennedy Uzoka, who spoke during the ' meet Leo' launch, said that as part of initiatives aimed at. Lotanna Kennedy, wife of Kennedy Uzoka, Uzo Oshogwe, Managing Director of Afriland Properties Plc with their children and friends at the premiere of the most. One of Africa's leading financial institutions, the United Bank for Africa (UBA), has sent its Chief Executive Officer Kennedy Uzoka to the annual meeting.
We grew the non-funded income by It is exciting that our offerings are gaining strong momentum across Africa, as our franchisee is being renowned for innovation and service excellence. Our prepaid cards are now being used to activate farming subsidies and other social intervention programmes in a number of countries, an efficient and transparent approach that blocks leakages and ensures effective delivery of subsidies to the target population.
In Uganda, we are automating utility and tax collections.
New Year Message From UBA Group Managing Director, CEO – Kennedy Uzoka
Our focus is to ease payments and remittances while also helping the government to stem leakages. From East to West, Central Africa to Southern Africa, we are leveraging our speed to market and innovation to drive efficiency in payment, collections, remittance and cash management.
We grew commissions on transactional services and trade related income by 54 per cent and 73 per cent respectively, with both income lines representing almost a third of our fees and commission income in the year.
While the total non-interest optimistic that our novel investments in alternative channels will support the growth of these income lines, which we believe should contribute 40 per cent of our gross earnings in the medium term.kennedy uzoka Highlight 2015
At a time when private sector credit and deposits shrunk in Nigeria, I am particularly excited that we grew our net loan portfolio and total deposit book by 9. Leveraging the successful issuance of our debut Eurobond and growing deposit base, we grew the balance sheet by 16 per cent to cross the N4 trillion mark.
Meet Leo, the UBA’s Chat Banker - badz.info - The leading online technology blog in Nigeria
This positive trajectory reinforces the market gain of our subsidiaries, as we grow the business to become systemically important in all our countries of operation.
More so, we are in a vantage position to grow with strong BASEL11 capital adequacy ratio of 20 per cent and 22 per cent at the bank and group levels respectively.
Our balance sheet liquidity ratio of 50 per cent and relatively low 60 per cent loan-to-deposit ratio reinforce our capacity to grow. Operating environment It was a year of recovery for Africa, as stable commodity price complemented monetary and fiscal measures in stimulating economic activities. Although the non-oil sector remained relatively weak, Nigeria recorded positive GDP growth of 0.
UBA meets NSE’s corporate governance conditions, lists on NSE Premium Board
Apart from the price of cocoa and coffee which remained weak, most commodity prices rallied through ; the price of copper and crude oil surged 31 per cent and 18 per cent respectively just as the price of gold and cotton rallied 14 per cent and 13 per cent respectively in the year.
Current account and external reserves positions improved as a result of stronger foreign currency earnings from commodity exports, coupled with foreign portfolio inflows. The enhanced foreign currency liquidity ultimately stabilised the local currency of most African markets in which we operate.
The Cedi, Shilling and Metical were relatively stable, weakening barely five per cent, O. Inflation rate continue to moderate across most of our chosen markets in Africa. Nigeria headline inflation, which peaked in January at In Ghana, inflation rate dropped from In Kenya, where headline inflation rose to We are hopeful that we have put behind us, the high cost of doing business which characterised most of financial year. Overall, the macroeconomic and business environment is gradually improving across a number of our markets and we look forward to sustaining this positive development in the business environment.
We operate in two of these countries; Nigeria of course is our core market and we have operations in Zambia. Nigeria moved up 24 notches to rank th in the World Bank Doing Business report. We expect this positive development will improve the fundamentals of our SMEs and corporate customers, going forward, especially as the fiscal efforts, towards making Africa more business friendly, are sustained.
In spite of the positive macroeconomic indices recorded, credit growth was relatively slow across most countries for different reasons, as banks were cautious on risk asset creation.
In Nigeria, public sector borrowing partly crowded out private sector growth, especially as banks were cautious of the lagged and tailwind impact of the recession and Naira devaluation on business and the broader operating environment. Thankfully, the coast is clear now and outlook for credit growth is quite benign in a number of our markets. Other deserving Nigerians who have excelled in their contributions to the development of the country and well-being of the society in the course of the year also made the People of the Year list.
Here is the roll and brief introduction of the awardees: The former Kwara State governor has since assuming office as president of the upper legislative chamber indemonstrated that indeed, the legislature can function as an independent arm of government.
Despite facing series of challenges, Saraki has remained resolute as he navigates the senate ship through troubled waters. Governor Akinwunmi Ambode Winner of the Governor of the Year Award, the Lagos governor, has by showing unflinching commitment to his party, the APC, despite losing its governorship ticket to Babajide Sanwo-olu, demonstrated rare leadership quality.
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Beyond that, Ambode, has, over the past three years, shown, with his performance, that he is a man of vision. With massive infrastructural development taking place across the state, the governor left no one in doubt that he is poised to turn Lagos into a modern smart city and a worthy economic capital of the African continent. Ike Ekweremadu Lawmaker of the Year, Ekweremadu has been the leading advocate for the amendment of the constitution to meet the demands of modern Nigeria.
A vastly experienced constitutional lawyer, he has been a lone voice in the wilderness that has been calling for six-year single term for presidents and other elective office holders as a way to curb the excessive waste that comes with conducting elections every four years.
Since taking over the helm of affairs inhe has solidified the bank as one of the leading and most profitable pan African banks. Uzoka has had quite a career at UBA, one that has seen him head a number of critical departments. Information Technology and E-Banking. He is the Speaker of the Year. In a clime when political office holders are want to sit tight even when their character is called to question, the speaker demonstrated uncommon sense of honour when he, on his own volition, resigned as Speaker of the Assembly in to protect his image and allow for unbiased investigation after being accused of collecting N million from an unnamed business man to prevent the investigation of a traditional ruler.
Having denied the allegation, he promptly tendered his resignation, declaring that: He has, since his appointment intransformed the OGFZA into one of the most efficient and most sought after public institutions in the country.
A workaholic and determined woman, Mrs.