• Tue. Oct 4th, 2022

    Recently, it was reported that United Bank for Africa (UBA) has recorded a significant uptick in its electronic banking income to reach its highest in five years.

    The electronic banking income surged by 22 percent to N36.3 billion in the first half of 2022 from N29.6 billion in the same period last year.

    Being a bank which doesn’t hold bank whenever its time to discharge its Corporate Social Responsibility (CSR),

    United Bank for Africa donated a sum of N5.1 billion in 2021 as part of its corporate social responsibility to Nigeria and other African countries.

    There is no doubt, the country is going through several economic problems notably high unemployment and inflation rates, especially since the COVID-19 Pandemic. 

    United Bank for Africa (UBA) however never hesitates to catalyse a comprehensive pan-African response to the fight against the COVID-19 pandemic.

    The funds were reported to have been channelled towards improving Education in Africa, empowerment, environment, community development and sport.

    The bank’s annual report also revealed that UBA goes beyond banking but always ready to impact the lives of people positively. 

    This was exhibited when it supported the efforts of the Asisat Oshoala Foundation to build a solar borehole for the Ikorodu community and mentor hundreds of young girls at the Football4Girls training camp.

    Klaus Schwab, Executive Chairman of the World Economic Forum said “Corporate social responsibility is measured in terms of businesses improving conditions for their employees, shareholders, communities and environment. 

    “But moral responsibility goes further, reflecting the need for corporations to address fundamental ethical issues such as inclusion, dignity, and equality.”

    It can be recalled that the Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba gave assurance that UBA is well-positioned to meet the growing demand of its customers across Africa and beyond.

    “We will continue to focus on the customer. We are committed to our customer 1st philosophy. The customer determines what we do at every point in time and we will ensure that we do all it takes to satisfy them optimally.” he said. 

    It should however surprise no one as UBA keeps setting the pace with optimal satisfaction of customers beyond banking and impacting lives positively with its Corporate Social Responsibility. 

    UBA, Africa’s global bank, never relented in its commitment to being a socially responsible company and role model for all businesses in Africa. 

    UBA Foundation, incorporated in January 2004, the Corporate Social Responsibility arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, Environment, Economic Empowerment and Special Projects. 

    “We are keen to partner and contribute our resources to the collective effort, that will ensure the response to the communities are swift and effective.” said Bola Atta, MD, UBA Foundation. 

    UBA stated that it recognised the need for a social contract between the bank, the community and its people, then became the first bank in Nigeria to institute a Foundation, UBAF as the CSR arm of the bank. 

    UBA Foundation is committed to the socio-economic betterment of communities as the bank funds its programmes and initiatives.

    In March 2002, as part of activities to mark this year’s edition of the International Women’s Day (IWD), the Prime Minister of the United Kingdom, Boris Johnson, launched a new global partnership with UBA Foundation and 10 other organisations to improve girls’ access to education and employment in developing countries.

    UBA is the first Pan-African bank to launch an AI-led Virtual Banking Robot as it also extends Chat Banking services from Facebook Messenger to WhatsApp and Apple Business Chat in multiple countries.

    UBA has won Multiple Bank of the Year awards in different countries and also breaking the Banker Magazine Record. Wins Best Bank in Africa, Nigeria, and 12 other Subsidiaries in one year (2021). 

    Hyacinth Chinweuba

    HYACINTH Chinweuba is a seasoned journalist and Managing Editor of Hybrid News Nigeria.

    Leave a Reply