UBA grows assets by 9.4%

Africa's global bank, United Bank for Africa (UBA), has once again demonstrated its resilience and strategic foresight with its audited financial results for 2025. Despite a slight dip in gross earnings, the bank's robust growth in total assets and customer deposits underscores its strong footing in the Pan-African financial landscape.

The reported N33.2tn in total assets and an 11.8% increase in customer deposits to N27.2tn are significant achievements, reflecting sustained confidence from customers and a growing market presence. While the slight decrease in gross earnings from N3.19tn to N3.09tn is noted, the bank's management attributes this to prudent risk management decisions, including substantial loan loss provisions and fair value changes on derivatives. These are largely non-recurrent factors that, while impacting profitability in the short term, position the bank for sustainable long-term growth.

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The 2025 financial year was defined by UBA’s proactive approach to the Central Bank of Nigeria’s new regulatory requirements.

Crucially, UBA's capital position remains exceptionally strong, with shareholders' funds climbing to N4.25tn. This, coupled with a capital adequacy ratio of 23.2%, provides a solid foundation for future expansion. The bank's Pan-African operations continue to be a major driver, contributing over 50% of total assets, revenue, and profit, with West and East/Southern Africa regions showing impressive profit growth. This diversified model is a key strength, allowing UBA to navigate economic fluctuations and continue its trajectory as a leading financial institution across the continent.

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The bank continues to demonstrate the true strength of its Pan-African diversified model, despite the moderation in bottom-line performance compared to the prior year’s highs, as core business engines, especially in the subsidiaries outside Nigeria, delivered double-digit growth.