{"id":457230,"date":"2018-01-24T14:55:17","date_gmt":"2018-01-24T14:55:17","guid":{"rendered":"https:\/\/www.financialafrik.com\/?p=457230"},"modified":"2018-01-24T14:55:17","modified_gmt":"2018-01-24T14:55:17","slug":"uba-storms-angolan-and-south-african-markets","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/01\/24\/uba-storms-angolan-and-south-african-markets\/","title":{"rendered":"UBA storms Angolan and South African markets"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Nigerian Bank United Bank for Africa (UBA) will soon expand its operations in Angola and South Africa, said bank chief executive Phillips Oduoza in an interview with Bloomberg in Davos.<\/p>\n<p>The objective of the pan-African bank, which with its significant presence is already operating in 19 countries on the African continent, is to try to compensate for the collapse of its operations in Nigeria, the largest African economy, facing a strong economic imbalance due the fall in oil prices.<\/p>\n<p>South Africa and Angola are two countries included in the &#8220;expansion phase,&#8221; said Phillips Oduoza, without giving further details.<\/p>\n<p>UBA has become one of the leading providers of banking and financial services on the African continent. The Bank provides services to more than 14 million customers worldwide, through one of the most diverse service channels in sub-Saharan Africa, with more than 1 000 agencies and customer touch points and strong online banking platforms and mobile. In 2017, the bank&#8217;s revenues reached 1,07 billion, representing 22% growth over 2015 while pre-tax earnings also grew by 32% to reach 91 billion Naira.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Nigerian Bank United Bank for Africa (UBA) will soon expand its operations in Angola and South Africa, said bank chief executive Phillips Oduoza in an interview with Bloomberg in Davos. The objective of the pan-African bank, which with its significant presence is already operating in 19 countries on the African continent, is to try<\/p>\n","protected":false},"author":527297,"featured_media":457204,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000],"tags":[13478,13476,12988],"class_list":{"0":"post-457230","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-angolan-markets","9":"tag-south-african-markets","10":"tag-uba-en","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UBA storms Angolan and South African markets - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/01\/24\/uba-storms-angolan-and-south-african-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UBA storms Angolan and South African markets\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. 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