Two country subsidiaries of United Bank for Africa Plc; one of the largest financial services institution in Africa, have emerged the ‘Best Banks’ in their respective countries. UBA Cameroon and UBA Senegal on March 19, 2013 were named ‘World’s Best Banks in 2013’ in their respective countries by Global Finance magazine in New York.
Global Finance magazine is the world’s leading corporate finance magazine with readers across 160 countries, focusing on C-suite level management, Corporates and selected financial institutions and international investors.
Global Finance editors with inputs from industry analysts, corporate executives and banking consultants, selected the best emerging markets banks in the region and in 29 countries using such criteria such as growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products to determine eventual winners.
Late last year, UBA Cameroon and UBA Senegal won the Bank of the Year Awards in their respective countries at the Banker Awards 2012, organised by The Banker Magazine; a publication of The Financial Times. They have replicated the feat again in 2013 with another international magazine.
“These and similar awards confirm the increasing influence of our country subsidiaries in Africa, engineering growth and development through financial intermediation and providing banking services in easy and convenient ways to the benefit of our customers and other stakeholders” said Mr Phillips Oduoza, GMD/CEO UBA in reaction to the announcement.
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