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.[3]
| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 2009 |
| Headquarters | Nairobi, Kenya |
Key people | Mary Mulili Managing Director[1] |
| Products | Loans, transaction accounts, savings, investments, debit cards |
| Revenue |  Aftertax:US$683,259 (KES:68 million) (H1:2016)[2] |
Number of employees | 70 (2016[2]) |
| Parent | United Bank for Africa |
| Website | www |
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.[4]
History
editEstablished in 2009,[5] 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.[2][6][7] UBA Kenya made a profit for the first time during the first half of 2016.[2]
Ownership
editUnited Bank for Africa (Kenya) is a wholly owned subsidiary of United Bank for Africa, headquartered in Lagos, Nigeria.[2][8]
Branches
editThe bank maintains networked branches at the following locations:[2][9]
- Westlands Branch - Apollo Centre, Westlands, Nairobi (Main Branch)
- Upper Hill Branch - NHIF Building, Upper Hill, Nairobi
- Industrial Area Branch - Industrial Area, Enterprise Road, Nairobi
See also
edit
References
edit- ^ Patrick Alushula (30 January 2024). "UBA Kenya picks insider as new CEO". Business Daily Africa. Nairobi, Kenya. Retrieved 10 February 2024.
- ^ a b c d e f Ngigi, George (21 August 2016). "UBA gets Sh1bn from Nigeria parent in push for big loans". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
- ^ Central Bank of Kenya (20 December 2013). "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Nairobi: Central Bank of Kenya. Retrieved 22 August 2016.
- ^ Administrator (8 August 2016). "UBA: In a league of its own". Lagos: National Daily Newspaper. Retrieved 22 August 2016.
- ^ Ilesanmi, Funmi (19 October 2009). "UBA Begins Operations in Kenya". Lagos: Nigeria CommunicationsWeek. Retrieved 22 August 2016.
- ^ Juma, Victor (25 January 2011). "High operation costs weigh down UBA Kenya earnings". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
- ^ Herbling, David (13 April 2014). "West African banks struggle in Kenyan market". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
- ^ Chao, Sandra (20 March 2014). "UBA launches Sh50 mobile savings plan". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
- ^ UBA Group (22 August 2016). "About UBA Kenya". Lagos: United Bank for Africa. Retrieved 22 August 2016.