UBA emerges Nigeria’s Best ESG, Retail Bank at 2026 Euromoney Awards
Summarized and contextualized by DistantNews.
At a glance
- United Bank for Africa (UBA) Plc was named Nigeria's Best Bank for Retail and Sustainability Leadership (ESG) at the 2026 Euromoney Awards.
- UBA was recognized for its significant strides in ESG performance, including green financing and a commitment to net-zero emissions by 2050.
- The bank also saw substantial growth in its retail banking sector, expanding its customer base and digital innovations like its AI chatbot, LEO.
United Bank for Africa (UBA) Plc has solidified its standing as a leading African financial institution, securing the titles of Nigeria's Best Bank for Retail and Sustainability Leadership (ESG) at the prestigious 2026 Euromoney Awards for Excellence.
The awards ceremony, held in London on July 17, 2026, recognized UBA for its exceptional financial performance, innovative practices, customer engagement, and sustainable business operations. Euromoney specifically highlighted UBA's environmental, social, and governance (ESG) achievements. These include the launch of a Green Financing Facility to support the transition to renewable energy, a N5 billion program with the Bank of Industry to empower women-led businesses, and a commitment to achieving net-zero emissions by 2050. UBA has also integrated sustainability into its operations by deploying solar power in 50 branches and conducting extensive ESG training for over 16,000 employees.
To be recognised as Nigeria’s Best Bank for both ESG and Retail Banking in the same year sends a powerful message that sustainable banking and commercial success are mutually reinforcing.
In the retail banking sphere, UBA's continued expansion was noted, with its customer base exceeding 37 million by the end of 2025 and retail revenue more than quadrupling to N429.5 billion. The bank's digital innovations were also celebrated, particularly the advancements in its AI-powered chatbot, LEO, which now facilitates cross-border money transfers in local currencies via the Pan-African Payment and Settlement System (PAPSS).
UBA's Group Managing Director/CEO, Oliver Alawuba, described the dual recognition as a testament to the bank's dedication to creating customer value while advancing sustainable development across Africa. He emphasized that sustainable banking and commercial success are interconnected and that UBA is committed to financing Africa's future, supporting communities, promoting financial inclusion, and delivering life-improving banking solutions.
At UBA, we are committed to financing Africa’s future, supporting businesses and communities, promoting financial inclusion, and delivering innovative banking solutions that improve lives. These awards belong to our customers for their confidence in us and to every member of the UBA family whose dedication continues to make our vision a reality.
Originally published by Vanguard. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.