Chic African Culture Africa Factbook

United Bank for Africa is one of Africa's largest banks

United Bank for Africa is one of Africa's largest banks With a 67-year history, United Bank for Africa, UBA, is one of the most recognized banking brands to originate from Sub-Sahara Africa.

United Bank for Africa is one of Africa's largest banking and financial services

United Bank for Africa is one of Africa's largest banks

The Five Biggest Banks in Africa

Standard Bank Group

Absa Group

First Rand Bank


Qatar National Bank

The Five Biggest Banks in Nigeria, which is Africa’s largest economy

Standard Bank Group

Absa Group

United Bank for Africa

Qatar National Bank

Zenith Bank

United Bank for Africa is Africa's up-and-coming global banking giant.

United Bank for Africa, UBA, has more than 67 years of providing uninterrupted banking operations dating back to 1948 when the British and French Bank Limited (BFB) commenced business in Nigeria. 

Following Nigeria’s independence from Britain, UBA was incorporated on February 23, 1961, to take over the business of BFB.

United Bank for Africa eventually listed its shares on the Nigerian Stock Exchange (NSE), in 1970 and became the first Nigerian bank to subsequently undertake an Initial Public Offering. An initial public offering (IPO) is the first time that the stock of a private company is offered to the public. 

United Bank for Africa offers credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, and asset management.
UBA became the first sub-Saharan bank to take its banking business to North America when it opened its New York Office in 1984 to offer banking services to Africans in Diaspora. 

Today’s UBA emerged from the merger of then dynamic and fast-growing Standard Trust Bank, incorporated in 1990 and UBA, one of the biggest and oldest banks in Nigeria.

Tony Onyemaechi Elumelu is the Chairman of the United Bank for Africa. Under the Board of Directors, UBA was the first and only Nigerian Bank to obtain a banking license in the Cayman Islands. 

United Bank for Africa

In Nigeria, Africa’s biggest economy, the United Bank for Africa is the third-largest bank in Nigeria. Standard Bank is the largest African banking group by assets and investments, and the Absa Group is second. United Bank for Africa is one of Africa's largest banks located in 20 African countries as well as the US, London, and Paris.


Burkina Faso



Cote D'Ivoire










Republic of the Congo Brazzaville


Sierra Leone


The Democratic Republic of the Congo

The United States of America, New York



United Bank for Africa operates in 19 African countries, as well as New York, London and Paris.

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