The Directors of United Bank for Africa Plc has proposed a final dividend of N0.65k
per share (31 December 2016: N0.55 per share) from the retained earnings account of the group as
at 31 December, 2017.
This proposed final dividend and the N0.20k per share interim
dividend paid in September 2017 will be presented to shareholders for approval at the
Annual General Meeting scheduled for April 2018.
This is following the release of its financial result 2017 friday to the Nigerian Stock Exchange(NSE)
where-in it recorded a profit after tax of N78.5billion as against N7.2billion of the previous year for the group.
Even as the bank recorded a profit of N42.4billion in the year in question compared to N47.5billion of 2016
United Bank for Africa Plc. was incorporated in Nigeria as a limited liability company on
23 February, 1961, under the Companies Ordinance [Cap 37] 1922. It took over the
assets and liabilities of the British and French Bank Limited, which had carried on
banking business in Nigeria since 1949.
UBA merged with Standard Trust Bank Plc on 01 August, 2005 and acquired Continental Trust Bank
Limited on 31 December, 2005.
UBA Plc is engaged in the business of banking and provides Corporate, Commercial,
Consumer and International Banking, Trade Services, Treasury and Digital Banking.
Pension, Custodial and Bureau De Change services are offered through subsidiaries.
UBA Plc carries out banking activities in accordance with its Memorandum and Articles
of Association. A comprehensive review of the business for the year and the prospects
for the ensuing year is contained in the CEO’s report.