UBA Group : A pan-african growth strategy strengthened by positive half-year results

(LVDE) – Following the release of its half-year 2025 results, United Bank for Africa (UBA) Group has reaffirmed its commitment to shareholders, highlighting a growth strategy centered on innovation and African expansion. The figures reflect solid performance, reinforcing the bank’s position across the continent.

United Bank for Africa (UBA) Plc, a pillar of Africa’s banking sector, recently published its half-year results as of June 30, 2025, offering a promising outlook on its growth trajectory. During a conference call held on September 30, 2025, Group Managing Director Oliver Alawuba reassured investors of the bank’s resilience, emphasizing its dedication to delivering long-term sustainable value.

The financial results illustrate strong momentum : gross earnings rose by 17.28%, from NGN 1.371 trillion in June 2024 to NGN 1.608 trillion in 2025. This growth was supported by a 32.89% increase in interest income, which reached NGN 1.334 trillion. Meanwhile, the bank’s total assets grew by 9.71% to NGN 33.3 trillion, and deposits climbed by 11.96% to NGN 27.6 trillion.

Alawuba stressed that this performance stems from a diversified strategy, with UBA present in 20 African countries, 19 of them outside Nigeria. This geographic expansion enables the bank to tap into Africa’s economic growth, which he believes will remain a key driver of profitability. In fact, African operations contributed 53% of profit before tax, a share the bank expects to rise further during the rest of the year.

Investment in digital platforms has been a cornerstone of UBA’s strategy, allowing it to streamline operations, enhance customer experience, and diversify revenue streams. With more than 45 million clients worldwide, UBA positions itself as a financial partner of choice, meeting the varied needs of customers across the continent. Alawuba further underscored the importance of technological innovation as a lever for competitiveness, confirming the bank’s plans to keep strengthening its digital capabilities to maintain leadership.

Ugo Nwaghodoh, Executive Director for Finance and Risk Management, added that the resilience of UBA’s operations across Africa is a significant asset in navigating local economic uncertainties. This proactive approach enables the bank to adapt effectively to evolving environments while continuing to support communities and foster economic development.

On dividends, Alawuba assured investors that the bank is on track to pay a competitive dividend at the end of the fiscal year—reflecting prudent management and confidence in UBA’s ability to generate sustainable profits.

UBA Plc continues to position itself as a leading financial institution in Africa, with a strategy clearly focused on sustainable growth. Its solid half-year results, combined with its commitment to innovation and geographic expansion, strengthen investor and stakeholder confidence. As the African continent continues to offer significant economic opportunities, UBA appears well equipped to seize them while pursuing its mission of empowering customers and promoting economic progress.

Tressy Chouente