United Bank for Africa in Kenya (UBA-Kenya) achieved a strong 185% growth in after-tax profit for the year ended December 31, 2018, from 18.6 million to 53.1 million shillings, or $ 524,700.
The bank’s total assets also surfaced, rising to 15.3 billion shillings (151 million dollars) against 6.5 billion shillings during the period, or 135 percent growth.
This performance had a positive impact on the bank’s liquidity position, which stood at 73.5% in December 2018, due to the integration of new customers and the increase in the portfolio share of the banks. existing customers.
“The bank has generated positive numbers, demonstrating that our growth strategy resonates well with our customers. We are confident of better performance in 2019, “said Emeke Iweriebor, UBA Executive Director for Eastern and Southern Africa.
“As a bank, we remain focused on the promise of our brand as a guarantee of service excellence. We strive to provide our customers with innovative and convenient banking solutions, “adds Mr Iweriebor. For reminder, in 2018, UBA launched its Facebook chat service called LEO, allowing customers to carry out banking transactions via Facebook Messenger.
As a reminder, UBA has, in 2018, launched its Facebook chat service called LEO, allowing customers to perform banking transactions via Facebook Messenger.