UBA Group looks to SMEs, corporate customers for brighter future

UBA East and Southern Africa chief executive Emeke Iweriebor. PHOTO | COURTESY

Pan African multinational, United Bank for Africa (UBA) Group sees a better future as the bank moves to strengthen its ability to meet the growing cross-border, corporate, Small and medium-sized enterprises (SMEs), and consumer financing needs.

The bank’s local unit recorded a 185 percent growth in profit after tax for the period ending December 31, 2018. Last month, the bank, along with some international banks, inked a Sh12 billion agricultural loan facility with Export Trading Group (ETG).

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Note: The results are not exact but very close to the actual.