Banking Briefs
KENNEDY Uzoka, group managing director, United Bank for Africa Plc, has said that all the investments made by the bank over the years in the area of technology are now yielding positive results. He assured shareholders of the bank that its management and board would continue to meet the needs of customers in terms of digital patronage in the period of COVID-19 pandemic.
Speaking during the virtual annual general meeting of UBA in Lagos, on Wednesday, April 29, Uzoka said the pan-African bank operating in 20 African countries and also in the United Kingdom, the United States and France, was prepared for all situation. “When we learnt about this pandemic, we immediately activated our business continuity plan.
“We will continually do business in a way to ensure that customers do not have to physically be in the bank. We are set to take our business to the customers wherever they are and however they want it. Our commitment to our loyal shareholders is amply demonstrated in our progressive dividend policy,” he said.
In his address, Tony Elumelu, group chairman, UBA, said their commitment to improve lives in Africa remains a long-term one, hence they are assisting governments in Africa to curb this pandemic and help sustain employment across the continent. “I want to also thank the UBA Board of Directors, who has been responsive in this time of crisis, as the group donates $14 million to assist governments to fight the COVID-19 pandemic in Nigeria and Africa,” he said.
Elumelu thanked the executive management and members of staff and assured the shareholders that despite the pandemic, UBA had delivered an impressive performance in its just released first quarter results.
The shareholders at the meeting commended the board of directors and management for the proactive role that the Group has been playing in helping to lessen the negative effects of the coronavirus pandemic across the African continent and its robust financial performance, despite a difficult macroeconomic outlook.
– May 1, 2020 @ 16:45 GMT |
Tags: UBA benefits from tech investment – Uzoka
