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United Bank for Africa Kenya Limited

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.[2]

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.[3]

History

Established in 2009,[4] 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.[5][6] UBA Kenya made a profit for the first time during the first half of 2016.[7]

Ownership

United Bank for Africa (Kenya) is a wholly owned subsidiary of United Bank for Africa, headquartered in Lagos, Nigeria.[7][8]

Branches

The bank maintains networked branches at the following locations:[7][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

External links

References

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