UBA Chad, Senegal Win Bank of the Year Awards
THE Banker Magazine has named the United Bank for Africa Plc's subsidiaries in Chad and Senegal as "Bank of the Year" in their respective countries for 2015, at the awards ceremony at the Hilton Bankside, London.
While UBA Chad is winning the award for the first time, it was the fourth consecutive year that UBA Senegal won the award- 2012 to 2015.
The Managing Director and Chief Executive Officer, UBA Senegal, Amie Sow, said the recognition will only continue to challenge them to explore opportunities to deepen their market share in the country.
"We are proud of winning this award for the fourth consecutive year. It shows we are now the dominant bank in Senegal and the bank all other banks have to look forward to beat," he said.
Also, the Managing Director and Chief Executive Officer, UBA Chad, Salami Aliyu, said: "This award shows that the efficiency and business growth drivers which we put in place are beginning to pay-off and get us results. We assure that we will sustain this performance to enable us retain the award in 2016."
The awards, according to the Banker Magazine, is to highlight industry-wide excellence within the global banking community, as it selects one winning bank from each of the 120 participating countries.
Over 1,000 applications are collected and Judges select winning banks based on those they believe have made the most progress over the past 12 months.
Associate Publisher, Asia and Africa, The Banker Magazine, Philip Church, stressed that the award is a testimony to the trust the bank's clients have shown on its operations over the past months.
"The recognition of being named as Bank of the Year in your own country by the world's longest running international banking title is testament to the strong management, sound business model and prudent risk approach of your bank," he said.
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