United Bank for Africa Plc (UBA) has affirmed its confidence in meeting the new capital base set by the Central Bank of Nigeria. During its 2023 Full Year Investors’ Conference Call, UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, assured local and international investors of the bank’s ability to comply with regulatory requirements within the specified timeframe.
Alawuba emphasized that UBA remains among the top capitalized banks and is actively pursuing strategies to bolster its capital base. UBA’s Executive Director, Finance & Risk Management, Ugo Nwaghodoh, expressed optimism for a stronger performance in the 2024 financial year.
With a focus on maintaining compliance and driving business growth, UBA aims to navigate through the next phase of expansion while upholding its dedication to sustainability and risk management.
Source: PUNCH