UBA CEO Denies Forbearance Loans, Focuses on Competitiveness and Dividend Payments

The Group Managing Director and CEO of UBA Plc (NGX: UBA), Oliv Alawuba, clarified that there are no forbearance loans in the bank's books, in compliance with CBN's directives. The bank is set to pay dividends approved by the CBN shortly.

UBA aims to ensure competitiveness and dividend yield for shareholders, emphasizing compliance with regulatory measures. The bank's financial performance for the first half of the year showed significant growth and profitability, with a focus on strengthening its balance sheet and capital buffer.