UBA GMD Kennedy Uzoka.
Business

UBA’s Kennedy Uzoka Named Bank CEO of the Year by BusinessDay

446

 

BusinessDay newspapers Thursday announced Mr. Kennedy Uzoka, the Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, the ‘BusinessDay’s Bank CEO’ of the year 2019 award.

 

“The visionary leadership of the bank spearheaded by Uzoka has earned UBA the digital bank of the year consistently, the newspaper said during presentation of the award to the GMD.

 

“The launch of LEO, an artificial intelligence chatbot in January of 2018  has witnessed UBA become the leader in artificial intelligence. Leo is available on different platforms including Whatsapp, Facebook and more recently on IOS, the mobile operating system of Apple Inc.”

 

Uzoka emerged tops based on his sterling achievements since he assumed the position of Group CEO at UBA three years ago.

 

Following Uzoka’s appointment on August 1st,  2016, UBA’s customer deposit has grown by 19.4% to N2.49tn away from the four per cent crunch which had been recorded the previous year, while net loans improved from a 3.3 per cent loss position recorded in 2015, to N1.51tn, representing a huge incline by 45.2 per cent.

 

The strong growth trajectory has continued, three years after Uzoka’s appointment, as seen by the 43 per cent growth in the bank’s shareholding fund to N5.01tn in the three –year period, as the bank has been enjoying excellent ratings from credible international financial rating agencies such as Fitch and Agusto and Co.

 

Uzoka, who received and acknowledged the award with a keen sense of humility and responsibility, said the bank has been focused on putting the customer first in all its activities, adding that this has been the focal point and driving force of the bank in the past three years.  “Our commitment to customer service excellence is translating to strong, operational and financial efficiency,” Uzoka said.

 

He reiterated the bank’s commitment to continue to put customers at the forefront of its activities, adding, “We are focused on adding value to the customers as we strive to give them an excellent experience at all times. We do this by having a vivid understanding of our customers and their specific needs, and by effectively monitoring their satisfaction through the feedback mechanism, and more importantly, making valuable improvements from their feedback. I am pleased to see  we are increasingly becoming the bank of choice for individuals and businesses across Africa.”

 

 

 

 

 

 

Leave a comment

Related Articles

Nigeria’s inflation rate rises to 34.80% in December 2024 up from 33.60%

Nigeria’s inflation rate rose to 34.80 percent in December 2024, up from...

Transactions with GHL: FirstBank dispels misleading reports, reaffirms commitment to excellent, standard banking services

First Bank of Nigeria Limited (FirstBank) has distanced itself from a recent...

Nigeria’s Economy Soars as Customs Records N196.94trn Trade Value in 2024

The Nigeria Customs Service (NCS) has achieved a remarkable milestone, recording a...

CBN Slams N1.35bln Fine on Nine Banks for Cash Scarcity

The Central Bank of Nigeria (CBN) has imposed a total fine of...

Tinubu Calls for Boost in Regional Trade to Drive African Growth

President Bola Tinubu has emphasized the importance of Africa focusing on internal...

Nigerian Treasury Bills Auction Shatters Records with 283.42% oversubscription

The Central Bank of Nigeria (CBN) has announced a staggering 283.42 percent...

Naira hits new low, slumps to N1,665/$1 in parallel market despite official market gains

The Nigerian Naira on Monday depreciated to N1,665 per dollar in the...

U.S. dollar strength drives oil prices down amid market pressure

By Samuel Akpan with agency report Global oil prices took a step...

Domestic Crude Oil Sale Initiative: Tinubu’s Strategic Move Pays Off

President Bola Tinubu’s directive to sell crude oil and refined products in...

CBN Sets Daily POS Transaction Cap at N100,000 for Agents

The Central Bank of Nigeria (CBN) has introduced a new policy aimed...

FirstBank’s Decemberissavybe 2024 kicks off with Kenny Blaq’s “Reckless” Musicomedy

December is a joyous season in Nigeria, a time when individuals take...

Nigeria’s Inflation Rate Rises to 34.6% in November

Nigeria’s inflation rate has risen to 34.6% in November, up from 33.8%...

Illicit mint naira sale: CBN slaps N150m fine on erring banks

The Central Bank of Nigeria (CBN) has introduced a strict measure to...

FG Sets December 16 for N120 Billion Bond Sale

The Federal Government, through the Debt Management Office (DMO), has announced plans...

Naira plummets to N1,780 per dollar, reversing recent gains

The Nigerian Naira experienced a sharp value decline on Wednesday, falling from...

Naira Posts Strong Gains Against Euro Amid Forex Market Reforms, European Political Uncertainty

The Nigerian naira has made significant gains against the European currency at...

Netflix debunks exit rumour, reaffirms commitment to Nigeria

Streaming platform Netflix has dismissed rumours suggesting it plans to withdraw from...

Nigeria’s private sector records first job decline in months amid inflationary pressures

Nigeria’s private sector experienced its first decline in employment in seven months,...

Foreign Holdings in Nigeria Drop Amid Naira Crisis, Corporate Cos’ Exits

Nigeria has experienced a sharp decline in foreign direct investment (FDI) inward...

FG begins N50 electronic levy deductions on Opay, Moniepoint, Kuda transactions

The Federal Government has commenced the deduction of a N50 electronic levy...