United Bank for Africa (UBA) says it is entering the 2025 financial year with a bold digital playbook, pledging deeper investments in innovation and technology to drive sustainable growth and deliver smarter banking experiences across Africa and beyond.
Speaking during the bank’s 2024 Financial Results announcement and Global Investors Conference Call held at UBA’s Head Office, Oliver Alawuba, UBA’s Managing Director and Chief Executive Officer, is underlining the group’s strategic focus on tech-led transformation, operational efficiency, and disciplined risk management.
“We will continue to push the frontiers of innovation and technology adoption to build sustainable value for shareholders by making strategic investments in technology,” Alawuba says.
UBA is reporting a stellar financial year, with profit rising 26.14% from ₦607.7 billion to ₦766.6 billion, while gross earnings are soaring by 53% to ₦3.187 trillion. The impressive figures are signalling what Alawuba describes as “broad-based growth across its core businesses,” as UBA strengthens its standing as a leading pan-African and global financial institution.
According to the CEO, the bank is maintaining momentum by refining its digital infrastructure, enhancing risk frameworks, and sharpening capital allocation.
“Our team of committed and motivated workforce will continue to work assiduously to sustain our performance and propel the bank in delivering high-impact, customer-centric product offerings,” Alawuba adds.
In a bid to deepen its international footprint, UBA is preparing to launch operations in France and Saudi Arabia in 2025. This expansion move comes as the lender’s non-Nigerian operations now account for 51.7% of the Group’s total revenue, a significant rise from 31% in 2019.
Technology is remaining central to UBA’s customer strategy. The bank is reinforcing its digital-first approach to deliver tailored financial services, improve regulatory compliance, and respond proactively to evolving consumer expectations in Africa’s fast-growing digital economy.
UBA’s digital transformation agenda, Alawuba says, aligns with broader financial sector shifts towards automation, AI-driven insights, and data-led service innovation—positioning the bank as a frontrunner in the next era of African banking.
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