UBA Bags Award

The United Bank for Africa (UBA) Plc said it has been adjudged the “Best Transaction Bank” from Africa in 2014 by UK based magazine, The Banker.

The award, according to a statement from the bank, was hinged on its e-banking platforms.

This, it noted, has positively changed the way businesses manage their cash flow, payments, collections, liquidity, trade and value chain management across their business operations in Africa.

According to the magazine, the judges were impressed by the bank’s demonstration of the improvements made to its transaction services business.

Transaction Banking Editor of the ‘The Banker’ magazine, Jane Cooper said

African banks made highest returns on capital in 2013 —The Banker

African banks have been ranked by The Banker magazine as having generated the highest returns to shareholders in 2013. In its 2014 Top 1000 Bank ranking released last week, The Banker said “In terms of profit generation, African banks made the highest returns on capital of 24 per cent — double the average return for the rest of the globe and far exceeding average returns of only four per cent in Europe.

Standard Bank Group South Africa’s lenders, for so long the shining light in Africa’s representation in The Banker’s Top 1000 rankings, retain the top spots in the regional list but mostly with falls in their Tier Africa. This is despite African banks holding less than one per cent of global capital”.

“Global banking profits have reached an all-time high, with