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United Bank for Africa
United Bank for Africa Plc (UBA) is a Nigerian multinational financial institution, with business offices in 20 African countries, and also in the United States, United Kingdom and France.
==Overview==
UBA is a large financial services provider in Nigeria with subsidiaries in 20 African countries, with representative offices in France, the United Kingdom and the United States. It offers universal banking services to more than 7 million customers across 626 branches. Formed by the merger of the commercially focused UBA and the retail focused Standard Trust Bank in 2005, the Bank purports to have a clear ambition to be the dominant and leading financial services provider in Africa.〔"UBA – United Bank for Africa Plc" Black Herald, Showcasing Africa, 10.09.07〕 Listed on the Nigerian Stock Exchange in 1970, UBA claims to be rapidly evolving into a pan-African full service financial institution.〔UBA, "Group at a glance" 2008 Annual Report〕 The Group adopted the holding company model in July 2011., the valuation of UBA Group's total assets was approximately US$12.3 billion (NGN:1.94 trillion), with shareholders' equity of about US$1.07 billion (NGN:170 billion).〔(UBA Group Balance Sheet On 31 December 2011 )〕
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