United Bank for Africa (UBA) Plc has crossed the ₦33.2 trillion total assets threshold in 2025, underscoring its pan‑African scale and sustained growth momentum.
The bank’s audited financial results for the year ended December 31, 2025, showed total assets grew 9.4% to ₦33.2 trillion, up from ₦30.3 trillion in 2024. Customer deposits also rose 11.8% from ₦24.3 trillion to ₦27.2 trillion.
Gross earnings stood at ₦3.09 trillion, compared to ₦3.19 trillion in 2024.
Despite loan loss provisions of ₦331 billion and fair value changes on derivatives amounting to ₦278 billion, UBA maintained strong underlying performance.
Operating profit exceeded ₦1 trillion before exceptional items, highlighting resilience in core banking operations.
Shareholders’ funds rose to ₦4.25 trillion, up from ₦3.42 trillion in 2024, supported by a successful rights issue that lifted share capital and premium to ₦505 billion.
UBA’s capital adequacy ratio of 23.2% provides a solid foundation for future growth. The bank also strengthened recovery efforts, with a fortified team pursuing delinquent exposures to boost earnings in 2026 and beyond.
Operating in 20 African countries and in the US, UK, France, and UAE, UBA’s pan‑African operations contributed over 50% of total assets, revenue, and profit.
West Africa recorded 53% profit growth, while East and Southern Africa delivered a 61% increase.
Leadership Outlook And Strategy
Group Managing Director/CEO Oliver Alawuba said: “The 2025 financial year was defined by UBA’s proactive approach to the Central Bank of Nigeria’s new recapitalisation requirements. The Group successfully concluded capital raising programme, which was oversubscribed, reflecting strong investor confidence in UBA’s long‑term growth strategy. A total of ₦395 billion additional capital was raised, enhancing our capacity to support our footprints, and expanding lending to key sectors.”
Looking ahead, Alawuba added: “UBA is well‑positioned to accelerate growth, with plans to strategically expand its risk asset base across key sectors as macroeconomic conditions improve.”
Executive Director, Finance & Risk Management, Ugo Nwaghodoh, explained: “We believe that proactively recognising potential credit losses positions us well to navigate uncertainties and support sustainable performance in future periods.”
He noted that despite derivative and foreign exchange‑related losses of ₦282.5 billion, the bank’s fundamentals remain strong, with shareholders’ funds at ₦4.25 trillion and capital adequacy ratio at 23.2%.
The question now is whether UBA’s pan‑African model can continue to deliver double‑digit growth amid global economic headwinds.
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