United Bank for Africa (UBA) America, the United States arm of UBA Plc, is celebrating 40 years of strengthening the economic and cultural ties between Africa and the United States.
During its anniversary celebration in New York, the bank reaffirmed its commitment to advancing Nigeria’s global economic presence and promoting Africa’s financial future.
UBA America, a key player in the financial sector, has seamlessly facilitated cross-border transactions while spearheading initiatives that foster mutual growth and understanding between Africa and the U.S. Since its establishment in 1982, followed by its federal banking license in 1984, the bank has bridged the gap between these two regions.
Despite rigorous oversight by regulators like the Central Bank of Nigeria (CBN) and the U.S. Office of the Comptroller of the Currency (OCC), UBA America has grown to offer cutting-edge financial solutions. From payment services and trade finance to loans and treasury solutions, the bank continues to meet the diverse needs of African banks, global corporates, and development organizations. Oliver Alawuba, UBA’s Group Managing Director/CEO, lauded the bank’s resilience and innovative spirit. “Celebrating UBA’s 75th anniversary alongside UBA America’s 40th is a powerful testament to our vision and determination,” Alawuba said. “UBA America’s success reflects our commitment to creating value, promoting growth, and fostering a robust financial ecosystem.”
Sola Yomi-Ajayi, CEO of UBA America and Group Executive Director for International Banking, emphasized the bank’s adaptability and dedication. “We’ve continuously evolved to meet the changing needs of the financial landscape. Our mission goes beyond banking — we are committed to Africa’s sustainability, financial inclusion, and expanding access to global markets,” Yomi-Ajayi remarked.
As UBA America looks ahead, its focus on excellence, innovation, and compliance remains steadfast. The bank is poised for continued growth, leveraging its legacy of 40 years to shape the future of banking between Africa and the U.S.
With over 26,000 employees and more than 45 million customers globally, UBA operates across 20 African countries, the U.S., the U.K., France, and the UAE, providing cutting-edge retail, commercial, and institutional banking services. Leading the way in financial inclusion and technological innovation, UBA remains a driving force in the global banking industry.