For faster navigation, this Iframe is preloading the Wikiwand page for United Bank for Africa Kenya Limited.

United Bank for Africa Kenya Limited

United Bank for Africa Kenya Limited
Company typePrivate
IndustryBanking
Founded2009 (2009)
HeadquartersNairobi, Kenya
Key people
Mary Mulili
Managing Director[1]
ProductsLoans, transaction accounts, savings, investments, debit cards
RevenueIncreaseAftertax:US$683,259 (KES:68 million) (H1:2016)[2]
Number of employees
70 (2016[2])
ParentUnited Bank for Africa
Websitewww.ubagroup.com/countries/KE

United Bank for Africa Kenya Limited, commonly referred to as UBA Kenya, is a commercial bank in Kenya. It is licensed and supervised by the Central Bank of Kenya, the central bank and national banking regulator.[3]

The bank is a small-sized commercial bank in Kenya, the largest economy in the East African Community. UBA Kenya Limited is a subsidiary of the Nigerian financial conglomerate United Bank for Africa, with subsidiaries in 20 African countries, the United States, the United Kingdom and France.[4]

History

[edit]

Established in 2009,[5] with capital investment of KES:2.5 billion (approx. US $ 25 million), the bank has accumulated losses of KES:1.4 billion (approx. US $ 14 million) in the seven years that followed.[2][6][7] UBA Kenya made a profit for the first time during the first half of 2016.[2]

Ownership

[edit]

United Bank for Africa (Kenya) is a wholly owned subsidiary of United Bank for Africa, headquartered in Lagos, Nigeria.[2][8]

Branches

[edit]

The bank maintains networked branches at the following locations:[2][9]

  1. Westlands Branch - Apollo Centre, Westlands, Nairobi (Main Branch)
  2. Upper Hill Branch - NHIF Building, Upper Hill, Nairobi
  3. Industrial Area Branch - Industrial Area, Enterprise Road, Nairobi

See also

[edit]

References

[edit]
  1. ^ Patrick Alushula (30 January 2024). "UBA Kenya picks insider as new CEO". Business Daily Africa. Nairobi, Kenya. Retrieved 10 February 2024.
  2. ^ a b c d e f Ngigi, George (21 August 2016). "UBA gets Sh1bn from Nigeria parent in push for big loans". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
  3. ^ Central Bank of Kenya (20 December 2013). "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Nairobi: Central Bank of Kenya. Retrieved 22 August 2016.
  4. ^ Administrator (8 August 2016). "UBA: In a league of its own". Lagos: National Daily Newspaper. Retrieved 22 August 2016.
  5. ^ Ilesanmi, Funmi (19 October 2009). "UBA Begins Operations in Kenya". Lagos: Nigeria CommunicationsWeek. Retrieved 22 August 2016.
  6. ^ Juma, Victor (25 January 2011). "High operation costs weigh down UBA Kenya earnings". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
  7. ^ Herbling, David (13 April 2014). "West African banks struggle in Kenyan market". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
  8. ^ Chao, Sandra (20 March 2014). "UBA launches Sh50 mobile savings plan". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
  9. ^ UBA Group (22 August 2016). "About UBA Kenya". Lagos: United Bank for Africa. Retrieved 22 August 2016.
[edit]

01°15′34″S 36°48′16″E / 1.25944°S 36.80444°E / -1.25944; 36.80444

{{bottomLinkPreText}} {{bottomLinkText}}
United Bank for Africa Kenya Limited
Listen to this article

This browser is not supported by Wikiwand :(
Wikiwand requires a browser with modern capabilities in order to provide you with the best reading experience.
Please download and use one of the following browsers:

This article was just edited, click to reload
This article has been deleted on Wikipedia (Why?)

Back to homepage

Please click Add in the dialog above
Please click Allow in the top-left corner,
then click Install Now in the dialog
Please click Open in the download dialog,
then click Install
Please click the "Downloads" icon in the Safari toolbar, open the first download in the list,
then click Install
{{::$root.activation.text}}

Install Wikiwand

Install on Chrome Install on Firefox
Don't forget to rate us

Tell your friends about Wikiwand!

Gmail Facebook Twitter Link

Enjoying Wikiwand?

Tell your friends and spread the love:
Share on Gmail Share on Facebook Share on Twitter Share on Buffer

Our magic isn't perfect

You can help our automatic cover photo selection by reporting an unsuitable photo.

This photo is visually disturbing This photo is not a good choice

Thank you for helping!


Your input will affect cover photo selection, along with input from other users.

X

Get ready for Wikiwand 2.0 ๐ŸŽ‰! the new version arrives on September 1st! Don't want to wait?