For employees of United Bank for Africa, UBA, and other stakeholders in the bank, it was a night of fun, entertainment and rewards February 8, 2014 as they gathered from across the country and beyond to celebrate members of staff who distinguished themselves in the 2013 financial year. The annual UBA CEO Awards ceremony, which took place at Eko Hotel, Lagos is an annual event that began in 2008.
“It is only proper for us to gather and publicly celebrate our star performers in the presence of all stake holders and customers who have been a pillar of support,” said Phillips Oduoza, GMD/CEO of the UBA Group. For him, the awards ceremony was most deserving because of the hard work and dedication to duty by staff members during the year. Although the full year financials of the bank are yet to be made public, Oduoza said that its third quarter results show that the bank did very well in 2013. The event is part of the best-place-to-work policy initiative of UBA and a people strategy geared towards engaging, motivating and rewarding employees.
The award categories included Most Profitable Regional Bank in Nigeria based on absolute Profit Before Tax figures, Most Profitable Division based on absolute Profit Before Tax figures, African Country with the highest deposit growth, Branch with the highest Non-Public sector deposit in Nigeria, Regional Bank with the highest trade volume in Nigeria, Country Subsidiary with the highest trade volume in Nigeria and African Country with the highest absolute Profit Before Tax. Others were customer focused awards such as the Marketing staff with the best service culture in Nigeria, the Non-Marketing staff with the best service culture in Nigeria as well as the country subsidiary with the best service culture in Africa outside Nigeria.
“Our first, second and third quarter financial results shows the bank’s resilience. Our African subsidiaries are increasingly adding value to our operations currently contributing about 25 per cent of balance sheet size and on target to hit 50 per cent contribution to balance sheet,” said Oduoza who gave out letters of commendation, plaques and cash rewards to the award recipients, noting that UBA continued to post strong financial performance in 2013, despite the increasingly challenging environment due to the dedication and contribution of its exceptional workforce.
Responding on behalf of the award recipients regional bank Head, Akwa Ibom, Chukwuekezie Magnus, commended the board and management for placing great premium on its people. Said he: “UBA is the one of the best places to work because the bank provides a non-discriminatory, robust and effective career management framework for its staff.”