• Contact Us
  • About Us
Sunday, June 1, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Banking

Investing in People: Amid Economic Recession, UBA Promotes 3,000 Staff

metro by metro
April 5, 2017
in Banking
0
UBA

UBA

0
SHARES
0
VIEWS
Lagos, Nigeria; 04-04-2017; United Bank for Africa (UBA), Africa’s Global Bank operating in 19 African countries, has announced the promotion of 3,000 staff members, reinforcing its commitment to human capital investment and career progression, at the current challenging operating circumstances.  Promotions were made across UBA’s global network.
 
In a letter written on Monday, April 3 2017 to Group staff by CEO, Kennedy Uzoka.  “Since my recent appointment as GMD/CEO, one of my priorities has been to address the needs of our people.  I strongly believe that if we take care of our people, our people will take care of our customers – our ultimate employers.”
 
“Investment in our human capital is critical to our success.  It is a product of our ability to invest for the long term and create an institution that is built to last.  It is the bedrock of our determination to be Africa’s leading customer focused bank”.
 
In addition to the Group-wide promotion, Mr Uzoka unveiled a new Workforce Model and an extension of the existing Group car loan benefit, to 1000 previously ineligible staff.  These policies are in direct response to staff feedback from the Employee Engagement Survey, which the CEO says has helped define current and future human capital investment. The revised Workforce Model democratizes access to leadership roles and opportunities at the bank. All staff – regardless of track – can now aspire to leadership roles, if objective requirements are met.  Reforming the Leadership and Service Tracks disparity, which had been a source of frustration for some staff who had to convert tracks to advance professionally, illustrates again UBA’s commitment to creating an environment where talent and merit are rewarded.
 
Group Chairman, Tony Elumelu, congratulated UBA’s executive management, as he noted the current challenging business environment.  He encouraged the industry to follow UBA’s lead, in putting its workers first. “Promoting at this scale and creating career opportunities for staff at a time like this is an indication of industry leadership and worthy of emulation.  It is no accident that this is occurring after the announcement of our strong 2016 results and as our shareholders receive dividends later this week.  We want all our key stakeholders to share our success.” The Chairman continued in praise of the bank’s equitable policy, “I commend the bank for creating robust and meritocratic career opportunities for all staff at a time when some in our industry are downsizing or casualizing staff.  This is truly remarkable.”
 
UBA recently announced N384 billion earnings for 2016, an impressive 22% growth over performance in 2015 and also grew profit before tax by 32% to N91 billion.  The strong performance also reflects the imbedded culture of customer service, driven by high employee engagement and satisfaction.
 
UBA’s commitment to its broader pan-African network was reflected in a series of awards, including five ‘Bank of The Year’ awards for Gabon, Congo-Brazzaville, Senegal, Cameroon and Chad at the annual Bankers Award in London and the 2016 EMEA Finance Banking Awards by leading financial publication EMEA Finance Magazine.
 
Mr. Uzoka, ended his letter on an uplifting note, urging UBA employees – Lions and Lionesses – to “continue to embody UBA core values daily – in our endless quest for Excellent Service…Delivered!”  This advice is timely as staff enter the final stages of preparation for the Group Chairman’s Forum which commences on Wednesday April 5th and features a series of events, including the Group AGM and the highly-anticipated annual UBA CEO Awards.  During the Forum, the Bank’s senior executives will share and learn from best practices across UBA’s 18 African subsidiaries and its operations in New York, Paris, and London, reflect on Group performance in the past year, and identify ways to enhance growth in the short, medium and long terms.

Read Also

CBN Raises Over N1tn At OMO Auction

CBN’s Monetary Policy Gains Traction As Currency in Circulation Drops To N15tn In March 2025

CBN Governor Makes Bold Statement At International Forum, Reaffirms Commitment To Transparent Policy Reforms

Previous Post

First Bank of Nigeria Limited: Building Sustainable Communities

Next Post

Japan Donates US$3.5 million to WFP for Emergency Needs in Northeast Nigeria

Related Posts

CBN
Banking

CBN Raises Over N1tn At OMO Auction

April 26, 2025
CBN
Banking

CBN’s Monetary Policy Gains Traction As Currency in Circulation Drops To N15tn In March 2025

April 22, 2025
Uneasy Calm In Banking Industry Over FG Special Investigator’s Report
Banking

CBN Governor Makes Bold Statement At International Forum, Reaffirms Commitment To Transparent Policy Reforms

April 19, 2025
KPMG Banking Industry Survey: UBA Emerges Top 5 In Customer Experience Exercise
Banking

UBA Unveils Upgraded PoS Terminal, Redeifines MONI App

April 14, 2025
Next Post
IDPs

Japan Donates US$3.5 million to WFP for Emergency Needs in Northeast Nigeria

Naira

Anxiety Over Naira As OPEC+ Increases Production Quota By 411,000 Bpd

June 1, 2025
OPEC

OPEC+ Oil Producers Stick To Guns With Another Big Hike For July

June 1, 2025
20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

May 31, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version